4,357 Shares in Customers Bancorp, Inc (NYSE:CUBI) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in Customers Bancorp, Inc (NYSE:CUBI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,357 shares of the bank's stock, valued at approximately $219,000.

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

Customers Bancorp Stock Down 0.4%

Shares of CUBI traded down $0.23 on Tuesday, reaching $63.70. The stock had a trading volume of 75,287 shares, compared to its average volume of 347,173. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 16.05 and a beta of 1.55. The company has a 50-day simple moving average of $56.04 and a 200-day simple moving average of $52.66. Customers Bancorp, Inc has a 12-month low of $40.75 and a 12-month high of $68.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.96 and a current ratio of 0.96.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.26. Customers Bancorp had a net margin of 10.51% and a return on equity of 11.64%. The company had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. During the same period in the prior year, the firm posted $1.68 EPS. Sell-side analysts predict that Customers Bancorp, Inc will post 6.45 EPS for the current year.

Analyst Upgrades and Downgrades

CUBI has been the subject of a number of research reports. Wall Street Zen raised Customers Bancorp from a "sell" rating to a "hold" rating in a report on Friday. B. Riley increased 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. Finally, Keefe, Bruyette & Woods lifted their target price on Customers Bancorp from $65.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Customers Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $65.33.

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.