Customers Bancorp, Inc $CUBI Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in Customers Bancorp, Inc (NYSE:CUBI - Free Report) by 21.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,358 shares of the bank's stock after acquiring an additional 15,248 shares during the quarter. Deutsche Bank AG owned 0.27% of Customers Bancorp worth $4,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Hood River Capital Management LLC boosted its holdings in shares of Customers Bancorp by 40.1% in the 4th quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank's stock worth $71,606,000 after purchasing an additional 421,335 shares during the period. Shellback Capital LP purchased a new position in shares of Customers Bancorp in the 4th quarter worth approximately $5,257,000. SG Americas Securities LLC boosted its holdings in shares of Customers Bancorp by 1,866.5% in the 1st quarter. SG Americas Securities LLC now owns 109,713 shares of the bank's stock worth $5,508,000 after purchasing an additional 104,134 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Customers Bancorp by 6,283.2% in the 1st quarter. GAMMA Investing LLC now owns 94,727 shares of the bank's stock worth $4,755,000 after purchasing an additional 93,243 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Customers Bancorp by 104.1% in the 4th quarter. Millennium Management LLC now owns 160,300 shares of the bank's stock worth $7,803,000 after purchasing an additional 81,755 shares during the period. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

CUBI has been the subject of a number of recent research reports. DA Davidson lifted their target price on Customers Bancorp from $69.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Stephens boosted their price objective on Customers Bancorp from $55.00 to $62.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods boosted their price objective on Customers Bancorp from $70.00 to $71.00 and gave the company a "market perform" rating in a report on Monday, July 28th. Wall Street Zen upgraded Customers Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, B. Riley boosted their price objective on Customers Bancorp from $82.00 to $85.00 and gave the company a "buy" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.25.

Customers Bancorp Stock Up 5.5%

Shares of CUBI stock traded up $3.5920 during mid-day trading on Friday, hitting $69.0420. The stock had a trading volume of 50,817 shares, compared to its average volume of 299,343. Customers Bancorp, Inc has a 12-month low of $40.75 and a 12-month high of $68.87. The firm has a market capitalization of $2.18 billion, a P/E ratio of 17.04 and a beta of 1.59. The firm's 50-day moving average is $61.67 and its two-hundred day moving average is $54.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98.

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

About Customers Bancorp

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.