GSA Capital Partners LLP Has $1.43 Million Stake 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 grew its stake in Customers Bancorp, Inc (NYSE:CUBI - Free Report) by 105.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,525 shares of the bank's stock after acquiring an additional 14,666 shares during the quarter. GSA Capital Partners LLP owned about 0.09% of Customers Bancorp worth $1,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CUBI. Point72 Asia Singapore Pte. Ltd. purchased a new position in Customers Bancorp during the fourth quarter worth approximately $46,000. GAMMA Investing LLC lifted its position in Customers Bancorp by 27.2% during the first quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock worth $95,000 after buying an additional 403 shares in the last quarter. Summit Investment Advisors Inc. lifted 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 worth $151,000 after buying an additional 254 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Customers Bancorp during the fourth quarter worth approximately $202,000. Finally, EP Wealth Advisors LLC acquired a new stake in Customers Bancorp during the fourth quarter worth $205,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Customers Bancorp Stock Down 0.6%

Customers Bancorp stock traded down $0.40 during mid-day trading on Wednesday, hitting $64.93. 557,025 shares of the company's stock were exchanged, compared to its average volume of 379,015. Customers Bancorp, Inc has a 1-year low of $40.75 and a 1-year high of $67.19. The stock has a 50 day moving average of $57.34 and a two-hundred day moving average of $53.40. The stock has a market cap of $2.05 billion, a P/E ratio of 16.07 and a beta of 1.55. 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 released its quarterly earnings results on Thursday, July 24th. The bank reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.30. The company had revenue of $206.31 million during 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 quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. As a group, analysts anticipate that Customers Bancorp, Inc will post 6.45 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Customers Bancorp Company 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.