Customers Bancorp, Inc. (NYSE:CUBI) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC grew its stake in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,083 shares of the bank's stock after purchasing an additional 5,280 shares during the period. Tidal Investments LLC owned about 0.40% of Customers Bancorp worth $6,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management lifted 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 valued at $28,000 after purchasing an additional 189 shares during the period. R Squared Ltd acquired a new position in shares of Customers Bancorp in the 4th quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Customers Bancorp in the 4th quarter valued at $46,000. KBC Group NV lifted its stake in shares of Customers Bancorp by 82.8% in the 4th quarter. KBC Group NV now owns 1,495 shares of the bank's stock valued at $73,000 after purchasing an additional 677 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Customers Bancorp by 323.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after purchasing an additional 1,255 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Customers Bancorp Stock Down 0.8%

Shares of NYSE CUBI traded down $0.43 during mid-day trading on Friday, reaching $50.75. The company had a trading volume of 175,801 shares, compared to its average volume of 362,919. The firm has a 50 day simple moving average of $49.38 and a two-hundred day simple moving average of $51.60. Customers Bancorp, Inc. has a 52-week low of $40.75 and a 52-week high of $68.49. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.60 billion, a P/E ratio of 9.99 and a beta of 1.51.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.29% and a net margin of 13.07%. The company had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. During the same quarter last year, the company posted $1.68 earnings per share. Sell-side analysts predict that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CUBI shares. B. Riley boosted their target price on shares of Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Maxim Group raised their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. DA Davidson lifted their price target on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Wall Street Zen cut shares of Customers Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods cut their price objective on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Customers Bancorp presently 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.