UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.69 Million Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,798 shares of the bank's stock after acquiring an additional 17,182 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Customers Bancorp worth $3,690,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CUBI. Hood River Capital Management LLC lifted its holdings in Customers Bancorp by 40.1% during the fourth quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank's stock worth $71,606,000 after acquiring an additional 421,335 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Customers Bancorp during the fourth quarter worth about $7,672,000. Shellback Capital LP bought a new position in shares of Customers Bancorp during the 4th quarter valued at about $5,257,000. JPMorgan Chase & Co. lifted its holdings in shares of Customers Bancorp by 33.1% during the 4th 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 in the last quarter. Finally, Gator Capital Management LLC grew its position in shares of Customers Bancorp by 135.0% in the 4th quarter. Gator Capital Management LLC now owns 178,801 shares of the bank's stock valued at $8,704,000 after purchasing an additional 102,701 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CUBI. 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. B. Riley raised their price objective on shares of Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised shares of Customers Bancorp from a "sell" rating to a "hold" rating in a research report on Friday. Six research 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Customers Bancorp Stock Up 3.2%

Shares of CUBI stock traded up $1.61 during trading on Friday, reaching $52.33. The company's stock had a trading volume of 172,438 shares, compared to its average volume of 358,343. Customers Bancorp, Inc. has a one year low of $40.75 and a one year high of $68.49. The business has a fifty day moving average price of $49.33 and a 200-day moving average price of $51.34. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 10.30 and a beta of 1.53. 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 (NYSE:CUBI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.26. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. The firm had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. During the same period in the previous year, the business earned $1.68 EPS. Analysts anticipate that Customers Bancorp, Inc. will post 6.45 earnings per share for the current 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.