530,922 Shares in Customers Bancorp, Inc $CUBI Acquired by Nuveen LLC

Nuveen LLC bought a new stake in Customers Bancorp, Inc (NYSE:CUBI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 530,922 shares of the bank's stock, valued at approximately $26,652,000. Nuveen LLC owned about 1.69% of Customers Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Customers Bancorp in the 4th quarter valued at about $46,000. GAMMA Investing LLC lifted its stake in shares of Customers Bancorp by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock valued at $95,000 after acquiring an additional 403 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Customers Bancorp by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after acquiring an additional 254 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Customers Bancorp in the 4th quarter valued at about $202,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Customers Bancorp in the 4th quarter valued at about $205,000. Institutional investors own 89.29% of the company's stock.

Customers Bancorp Stock Down 0.7%

Shares of CUBI stock traded down $0.4730 during midday trading on Thursday, reaching $65.3170. 73,842 shares of the stock were exchanged, compared to its average volume of 300,496. Customers Bancorp, Inc has a 1 year low of $40.75 and a 1 year high of $67.34. The company's 50 day moving average is $61.40 and its two-hundred day moving average is $54.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. The firm has a market cap of $2.07 billion, a PE ratio of 16.17 and a beta of 1.59.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $1.80 earnings per share for the quarter, topping 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 quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 EPS. On average, equities research analysts predict that Customers Bancorp, Inc will post 6.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stephens boosted their target price on Customers Bancorp from $55.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. DA Davidson upped their price target on Customers Bancorp from $69.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, July 28th. B. Riley upped their price target on Customers Bancorp from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Wall Street Zen raised Customers Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods upped their price target on Customers Bancorp from $70.00 to $71.00 and gave the company a "market perform" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.25.

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.