Squarepoint Ops LLC Raises Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Squarepoint Ops LLC raised its holdings in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,474 shares of the bank's stock after purchasing an additional 20,122 shares during the period. Squarepoint Ops LLC owned approximately 0.49% of Customers Bancorp worth $7,520,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management boosted its stake in Customers Bancorp by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock worth $28,000 after acquiring an additional 189 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Customers Bancorp by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after buying an additional 254 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Customers Bancorp by 3.2% in 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 during the last quarter. SG Americas Securities LLC increased its holdings in Customers Bancorp by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock worth $272,000 after buying an additional 333 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Customers Bancorp by 1.0% during the fourth quarter. Swiss National Bank now owns 59,200 shares of the bank's stock worth $2,882,000 after buying an additional 600 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

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

Customers Bancorp Stock Down 0.4%

Shares of CUBI traded down $0.21 during mid-day trading on Thursday, reaching $50.92. The company's stock had a trading volume of 35,492 shares, compared to its average volume of 289,016. Customers Bancorp, Inc. has a 12-month low of $40.75 and a 12-month high of $68.49. The stock has a market cap of $1.61 billion, a PE ratio of 10.01 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. The company's 50 day moving average is $49.37 and its 200 day moving average is $51.59.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released 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 firm 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 quarter last year, the business posted $1.68 EPS. Equities analysts anticipate that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

Customers Bancorp 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.