GAMMA Investing LLC Has $4.76 Million Stock Position in Customers Bancorp, Inc. (NYSE:CUBI)

GAMMA Investing LLC lifted its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 6,283.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,727 shares of the bank's stock after purchasing an additional 93,243 shares during the quarter. GAMMA Investing LLC owned 0.30% of Customers Bancorp worth $4,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CUBI. Picton Mahoney Asset Management grew its stake in shares of Customers Bancorp by 47.7% in the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock worth $28,000 after buying an additional 189 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Customers Bancorp by 8.9% in the 4th 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. Sanctuary Advisors LLC grew its position in shares of Customers Bancorp by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock valued at $473,000 after purchasing an additional 302 shares in the last quarter. Swiss National Bank grew its position in shares of Customers Bancorp by 1.0% during the fourth quarter. Swiss National Bank now owns 59,200 shares of the bank's stock valued at $2,882,000 after purchasing an additional 600 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Customers Bancorp by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,839 shares of the bank's stock valued at $820,000 after purchasing an additional 645 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CUBI shares. Keefe, Bruyette & Woods decreased their price target on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. B. Riley lifted their price target on shares of Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised shares of Customers Bancorp from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Customers Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Customers Bancorp Price Performance

Shares of NYSE:CUBI traded down $1.68 during trading hours on Friday, hitting $50.22. 250,915 shares of the company's stock traded hands, compared to its average volume of 355,611. Customers Bancorp, Inc. has a 52 week low of $40.75 and a 52 week high of $68.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The company's fifty day simple moving average is $50.03 and its two-hundred day simple moving average is $51.22. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 9.89 and a beta of 1.53.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.26. The business had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same period in the prior year, the firm earned $1.68 earnings per share. As a group, equities analysts anticipate that Customers Bancorp, Inc. will post 6.45 EPS 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.