Deutsche Bank AG Has $4.34 Million Stock Holdings in Customers Bancorp, Inc $CUBI

Deutsche Bank AG lifted its stake in shares of Customers Bancorp, Inc (NYSE:CUBI - Free Report) by 21.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,358 shares of the bank's stock after acquiring an additional 15,248 shares during the quarter. Deutsche Bank AG owned approximately 0.27% of Customers Bancorp worth $4,335,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of Customers Bancorp by 104.1% during the fourth quarter. Millennium Management LLC now owns 160,300 shares of the bank's stock valued at $7,803,000 after purchasing an additional 81,755 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Customers Bancorp by 34.9% in the 1st quarter. Allianz Asset Management GmbH now owns 8,500 shares of the bank's stock valued at $427,000 after acquiring an additional 2,200 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Customers Bancorp by 20.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,777 shares of the bank's stock valued at $865,000 after purchasing an additional 2,994 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Customers Bancorp by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 145,201 shares of the bank's stock valued at $7,289,000 after buying an additional 3,802 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Customers Bancorp by 6,283.2% in the first quarter. GAMMA Investing LLC now owns 94,727 shares of the bank's stock valued at $4,755,000 after acquiring an additional 93,243 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley raised their target price on Customers Bancorp from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Stephens increased their target price on shares of Customers Bancorp from $55.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Customers Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods lifted their target price on shares of Customers Bancorp from $70.00 to $71.00 and gave the company a "market perform" rating in a report on Monday, July 28th. Finally, DA Davidson raised their price objective on Customers Bancorp from $69.00 to $78.00 and gave the company a "buy" rating in a research 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.25.

Customers Bancorp Stock Down 0.4%

NYSE CUBI traded down $0.2450 during trading on Thursday, reaching $65.5450. 60,830 shares of the company's stock were exchanged, compared to its average volume of 300,449. The firm has a market capitalization of $2.07 billion, a PE ratio of 16.23 and a beta of 1.59. The company's fifty day simple moving average is $61.40 and its 200-day simple moving average is $54.70. Customers Bancorp, Inc has a fifty-two week low of $40.75 and a fifty-two week high of $67.34. 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 issued its quarterly earnings results on Thursday, July 24th. The bank reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.30. The company had revenue of $206.31 million for the quarter, compared to the consensus estimate of $170.81 million. Customers Bancorp had a return on equity of 11.98% and a net margin of 10.77%.The firm's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. Sell-side analysts predict that Customers Bancorp, Inc will post 6.45 EPS for the current 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.