SG Americas Securities LLC Has $5.51 Million Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

SG Americas Securities LLC raised its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 1,866.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 109,713 shares of the bank's stock after purchasing an additional 104,134 shares during the quarter. SG Americas Securities LLC owned 0.35% of Customers Bancorp worth $5,508,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its position in Customers Bancorp by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after purchasing an additional 189 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Customers Bancorp by 8.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after purchasing an additional 254 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Customers Bancorp by 3.2% in the 4th quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock valued at $473,000 after buying an additional 302 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Customers Bancorp by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock valued at $95,000 after buying an additional 403 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Customers Bancorp by 1.0% in the 4th quarter. Swiss National Bank now owns 59,200 shares of the bank's stock valued at $2,882,000 after buying an additional 600 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price objective on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded shares of Customers Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, B. Riley raised their target price on shares of Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Customers Bancorp Stock Performance

Shares of NYSE CUBI traded up $0.27 during mid-day trading on Monday, reaching $50.62. 187,803 shares of the company were exchanged, compared to its average volume of 354,940. The company's 50-day simple moving average is $50.19 and its 200-day simple moving average is $51.14. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.60 billion, a P/E ratio of 9.96 and a beta of 1.53. Customers Bancorp, Inc. has a twelve month low of $40.75 and a twelve month high of $68.49.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.26. The firm had revenue of $194.28 million during the quarter, compared to the consensus estimate of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same period last year, the business posted $1.68 earnings per share. As a group, research analysts predict that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Customers Bancorp Profile

Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts.