Squarepoint Ops LLC Has $7.52 Million Stock Position in Customers Bancorp, Inc. (NYSE:CUBI)

Squarepoint Ops LLC grew its holdings in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 154,474 shares of the bank's stock after acquiring an additional 20,122 shares during the period. Squarepoint Ops LLC owned about 0.49% of Customers Bancorp worth $7,520,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in Customers Bancorp during the 4th quarter worth $1,277,000. Barclays PLC increased its stake in shares of Customers Bancorp by 46.9% in the third quarter. Barclays PLC now owns 89,879 shares of the bank's stock valued at $4,175,000 after buying an additional 28,683 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Customers Bancorp by 20.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,777 shares of the bank's stock worth $865,000 after acquiring an additional 2,994 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Customers Bancorp by 104.1% in the fourth quarter. Millennium Management LLC now owns 160,300 shares of the bank's stock worth $7,803,000 after acquiring an additional 81,755 shares during the period. Finally, Swiss National Bank boosted its holdings in Customers Bancorp by 1.0% in the fourth quarter. Swiss National Bank now owns 59,200 shares of the bank's stock valued at $2,882,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Customers Bancorp Stock Down 2.3%

CUBI traded down $1.20 during midday trading on Wednesday, hitting $51.08. The company had a trading volume of 115,611 shares, compared to its average volume of 361,271. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 10.06 and a beta of 1.51. The stock's 50 day moving average price is $49.38 and its 200 day moving average price is $51.59. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. Customers Bancorp, Inc. has a 52 week low of $40.75 and a 52 week high of $68.49.

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 for the quarter, topping analysts' consensus estimates of $1.28 by $0.26. The business had revenue of $194.28 million for the quarter, compared to the consensus estimate of $165.24 million. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. During the same period in the prior year, the business earned $1.68 EPS. On average, research analysts anticipate that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CUBI shares. Wall Street Zen lowered shares of Customers Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. B. Riley lifted their target price on shares of Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Customers Bancorp currently has an average rating of "Hold" and a consensus target price of $64.00.

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.