Susquehanna Fundamental Investments LLC Acquires Shares of 42,570 Customers Bancorp, Inc. (NYSE:CUBI)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,570 shares of the bank's stock, valued at approximately $2,072,000. Susquehanna Fundamental Investments LLC owned about 0.14% of Customers Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management raised its holdings in shares of Customers Bancorp by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after acquiring an additional 189 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Customers Bancorp during the fourth quarter worth about $42,000. KBC Group NV boosted 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 purchasing an additional 677 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Customers Bancorp by 323.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock worth $80,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its position in Customers Bancorp by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after purchasing an additional 254 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Customers Bancorp Stock Down 0.7 %

Shares of Customers Bancorp stock traded down $0.37 on Tuesday, reaching $50.48. 17,894 shares of the company were exchanged, compared to its average volume of 364,593. Customers Bancorp, Inc. has a one year low of $40.75 and a one year high of $68.49. The company has a 50-day moving average of $48.83 and a 200 day moving average of $51.03. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 9.97 and a beta of 1.51. 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 (NYSE:CUBI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.26. The business had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same period in the previous year, the business earned $1.68 EPS. On average, equities research analysts forecast that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CUBI shares. Maxim Group upped their target price 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 reissued an "equal weight" rating and set a $58.00 price objective on shares of Customers Bancorp in a report on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Finally, DA Davidson raised their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a report on Monday, January 27th. Six equities 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 stock. Based on data from MarketBeat.com, Customers Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $63.80.

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.