Tidal Investments LLC Raises Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Tidal Investments LLC lifted its position in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 126,083 shares of the bank's stock after buying an additional 5,280 shares during the period. Tidal Investments LLC owned 0.40% of Customers Bancorp worth $6,138,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hood River Capital Management LLC raised its holdings in Customers Bancorp by 40.1% in the 4th quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank's stock valued at $71,606,000 after acquiring an additional 421,335 shares during the last quarter. American Century Companies Inc. grew its position in shares of Customers Bancorp by 5.9% in the fourth quarter. American Century Companies Inc. now owns 773,772 shares of the bank's stock valued at $37,667,000 after purchasing an additional 42,965 shares during the period. JPMorgan Chase & Co. increased its stake in Customers Bancorp by 33.1% in the fourth quarter. JPMorgan Chase & Co. now owns 429,572 shares of the bank's stock valued at $20,912,000 after purchasing an additional 106,895 shares during the last quarter. Northern Trust Corp lifted its position in Customers Bancorp by 19.1% during the fourth quarter. Northern Trust Corp now owns 381,684 shares of the bank's stock worth $18,580,000 after buying an additional 61,224 shares during the period. Finally, Tieton Capital Management LLC boosted its stake in Customers Bancorp by 22.9% in the 4th quarter. Tieton Capital Management LLC now owns 290,373 shares of the bank's stock worth $14,135,000 after buying an additional 54,170 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective 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. Maxim Group increased their price target on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Stephens reiterated an "equal weight" rating and issued a $58.00 price target on shares of Customers Bancorp in a report on Friday, January 24th. B. Riley upped their price objective on Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday. Finally, DA Davidson increased their target price on Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Customers Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Customers Bancorp Stock Performance

NYSE:CUBI opened at $53.89 on Tuesday. The firm's fifty day simple moving average is $49.27 and its 200 day simple moving average is $51.55. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. Customers Bancorp, Inc. has a twelve month low of $40.75 and a twelve month high of $68.49. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 10.61 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 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $165.24 million. During the same quarter in the previous year, the firm posted $1.68 earnings per share. As a group, equities research analysts expect that Customers Bancorp, Inc. will post 6.45 earnings per share 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.

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