De Lisle Partners LLP Takes $4.72 Million Position in Customers Bancorp, Inc $CUBI

De Lisle Partners LLP purchased a new stake in Customers Bancorp, Inc (NYSE:CUBI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 59,658 shares of the bank's stock, valued at approximately $4,721,000. De Lisle Partners LLP owned about 0.18% of Customers Bancorp at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CUBI. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Customers Bancorp by 247,273.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 222,636 shares of the bank's stock worth $16,279,000 after buying an additional 222,546 shares during the period. Thrivent Financial for Lutherans increased its position in Customers Bancorp by 213.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 66,516 shares of the bank's stock valued at $4,864,000 after acquiring an additional 45,299 shares during the period. Summit Global Investments acquired a new position in Customers Bancorp in the 2nd quarter valued at about $1,016,000. HighTower Advisors LLC purchased a new stake in Customers Bancorp during the 4th quarter valued at approximately $1,534,000. Finally, Intech Investment Management LLC raised its stake in Customers Bancorp by 255.1% during the 4th quarter. Intech Investment Management LLC now owns 120,617 shares of the bank's stock valued at $8,820,000 after acquiring an additional 86,654 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Customers Bancorp Stock Performance

NYSE CUBI opened at $79.84 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.01. The business's 50 day moving average is $78.79 and its two-hundred day moving average is $74.97. Customers Bancorp, Inc has a 12-month low of $59.34 and a 12-month high of $84.38. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 9.74 and a beta of 1.49.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $2.05 EPS for the quarter, beating the consensus estimate of $2.00 by $0.05. Customers Bancorp had a return on equity of 13.80% and a net margin of 19.07%.The business had revenue of $227.28 million during the quarter, compared to analysts' expectations of $229.24 million. During the same period last year, the firm earned $1.80 EPS. The company's quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts expect that Customers Bancorp, Inc will post 8.43 EPS for the current year.

Insider Buying and Selling

In other Customers Bancorp news, Chairman Jay S. Sidhu sold 68,821 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $80.09, for a total value of $5,511,873.89. Following the completion of the sale, the chairman owned 667,757 shares of the company's stock, valued at approximately $53,480,658.13. This trade represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 160,315 shares of company stock valued at $12,578,896 over the last three months. 10.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on CUBI shares. Piper Sandler lifted their target price on Customers Bancorp from $86.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, June 26th. Morgan Stanley increased their price target on Customers Bancorp from $83.00 to $88.00 and gave the stock an "equal weight" rating in a report on Monday, June 29th. Fundamental Research set a $94.00 price objective on shares of Customers Bancorp in a research report on Wednesday, July 1st. DA Davidson boosted their price objective on shares of Customers Bancorp from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Customers Bancorp from $86.00 to $94.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Customers Bancorp has a consensus rating of "Moderate Buy" and an average target price of $90.69.

Customers Bancorp Company Profile

Customers Bancorp, Inc NYSE: CUBI is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.

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