Voloridge Investment Management LLC Boosts Position in Customers Bancorp, Inc. (NYSE:CUBI)

Voloridge Investment Management LLC lifted its holdings in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 82.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,207 shares of the bank's stock after acquiring an additional 57,903 shares during the period. Voloridge Investment Management LLC owned 0.41% of Customers Bancorp worth $6,241,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Customers Bancorp by 46.9% in the third quarter. Barclays PLC now owns 89,879 shares of the bank's stock valued at $4,175,000 after acquiring an additional 28,683 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Customers Bancorp by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock valued at $272,000 after purchasing an additional 333 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Customers Bancorp by 5.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,085 shares of the bank's stock valued at $1,026,000 after purchasing an additional 1,108 shares during the period. KBC Group NV grew its stake in Customers Bancorp by 82.8% during the 4th quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after buying an additional 677 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Customers Bancorp during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Customers Bancorp Stock Performance

CUBI traded up $0.26 during trading on Thursday, reaching $51.39. The company's stock had a trading volume of 83,891 shares, compared to its average volume of 360,174. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The company's fifty day moving average price is $49.37 and its 200-day moving average price is $51.59. Customers Bancorp, Inc. has a 52-week low of $40.75 and a 52-week high of $68.49. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.08 and a beta of 1.51.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.26. The firm had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. During the same quarter in the prior year, the company posted $1.68 earnings per share. On average, equities analysts forecast that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CUBI. B. Riley raised their target price on shares of Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Keefe, Bruyette & Woods decreased their target price on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Finally, Wall Street Zen lowered Customers Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Customers Bancorp has an average rating of "Hold" and a consensus target price of $64.00.

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.