GSA Capital Partners LLP Has $1.43 Million Position in Customers Bancorp, Inc (NYSE:CUBI)

Key Points

• GSA Capital Partners LLP increased its stake in Customers Bancorp by 105.8%, holding 28,525 shares worth approximately $1.43 million after acquiring more shares during the first quarter.
• Customers Bancorp's stock is currently priced at $65.44, with a market capitalization of $2.07 billion and a PE ratio of 16.20.
• In its latest quarterly earnings report, Customers Bancorp beat estimates with $1.80 earnings per share, surpassing the consensus estimate of $1.50.

GSA Capital Partners LLP increased its stake in shares of Customers Bancorp, Inc (NYSE:CUBI - Free Report) by 105.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 28,525 shares of the bank's stock after purchasing an additional 14,666 shares during the period. GSA Capital Partners LLP owned approximately 0.09% of Customers Bancorp worth $1,432,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its position in Customers Bancorp by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after buying an additional 254 shares during the period. Nisa Investment Advisors LLC boosted its position in Customers Bancorp by 3.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,422 shares of the bank's stock valued at $373,000 after buying an additional 270 shares during the period. GAMMA Investing LLC boosted its position in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Customers Bancorp by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,839 shares of the bank's stock valued at $820,000 after buying an additional 645 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Customers Bancorp in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on CUBI shares. B. Riley raised their price target on shares of Customers Bancorp from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, July 28th. DA Davidson raised their price target on Customers Bancorp from $69.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods lifted their price target on Customers Bancorp from $70.00 to $71.00 and gave the stock a "market perform" rating in a report on Monday, July 28th. Wall Street Zen raised Customers Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Stephens lifted their price target on Customers Bancorp from $55.00 to $62.00 and gave the stock an "equal weight" rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $67.00.

Customers Bancorp Stock Performance

NYSE:CUBI traded down $1.55 during mid-day trading on Friday, hitting $62.20. The stock had a trading volume of 551,933 shares, compared to its average volume of 373,718. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 15.40 and a beta of 1.59. The company has a 50 day simple moving average of $58.09 and a 200-day simple moving average of $53.70. Customers Bancorp, Inc has a 52 week low of $40.75 and a 52 week high of $67.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.30. The company had revenue of $206.31 million for the quarter, compared to analysts' expectations of $170.81 million. Customers Bancorp had a net margin of 10.77% and a return on equity of 11.98%. The business's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. On average, research analysts expect that Customers Bancorp, Inc will post 6.45 earnings per share for the current fiscal 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.