Universal Beteiligungs und Servicegesellschaft mbH Has $6.66 Million Stock Position in Customers Bancorp, Inc $CUBI

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Customers Bancorp, Inc (NYSE:CUBI - Free Report) by 77.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,072 shares of the bank's stock after purchasing an additional 39,837 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.27% of Customers Bancorp worth $6,659,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CUBI. Anatole Investment Management Ltd acquired a new stake in shares of Customers Bancorp during the 2nd quarter worth about $17,593,000. Millennium Management LLC grew its holdings in Customers Bancorp by 448.8% during the third quarter. Millennium Management LLC now owns 327,784 shares of the bank's stock valued at $21,427,000 after purchasing an additional 268,056 shares during the period. Emerald Advisers LLC acquired a new position in Customers Bancorp during the third quarter valued at approximately $15,150,000. Balyasny Asset Management L.P. grew its holdings in Customers Bancorp by 3,173.3% during the third quarter. Balyasny Asset Management L.P. now owns 158,429 shares of the bank's stock valued at $10,357,000 after purchasing an additional 153,589 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Customers Bancorp during the third quarter valued at approximately $9,481,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Customers Bancorp Stock Performance

CUBI opened at $77.99 on Tuesday. The business has a fifty day simple moving average of $70.95 and a 200 day simple moving average of $71.54. The company has a market capitalization of $2.63 billion, a PE ratio of 9.90 and a beta of 1.57. Customers Bancorp, Inc has a 1 year low of $48.63 and a 1 year high of $82.56. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 1.01.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $1.97 EPS for the quarter, beating the consensus estimate of $1.88 by $0.09. Customers Bancorp had a net margin of 18.63% and a return on equity of 14.12%. The business had revenue of $225.40 million for the quarter, compared to the consensus estimate of $223.51 million. During the same period in the prior year, the company posted $1.54 earnings per share. Customers Bancorp's revenue was up 57.9% compared to the same quarter last year. Research analysts expect that Customers Bancorp, Inc will post 8.35 EPS for the current year.

Customers Bancorp declared that its board has approved a stock buyback plan on Wednesday, February 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the bank to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler restated an "overweight" rating and set a $86.00 price objective (up from $82.00) on shares of Customers Bancorp in a report on Monday. TD Cowen reaffirmed a "buy" rating on shares of Customers Bancorp in a research report on Monday, January 26th. Wall Street Zen lowered shares of Customers Bancorp from a "buy" rating to a "hold" rating in a research report on Sunday, January 25th. Raymond James Financial reiterated a "strong-buy" rating and issued a $95.00 price objective on shares of Customers Bancorp in a report on Tuesday, January 6th. Finally, Maxim Group set a $100.00 price objective on shares of Customers Bancorp in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $87.50.

Customers Bancorp Profile

Customers Bancorp, Inc NYSE: CUBI is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.

Want to see what other hedge funds are holding CUBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Customers Bancorp, Inc (NYSE:CUBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.