Susquehanna Fundamental Investments LLC Takes Position in Customers Bancorp, Inc. (NYSE:CUBI)

Susquehanna Fundamental Investments LLC acquired a new stake in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) in the fourth quarter, according to the company in its most recent 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 approximately 0.14% of Customers Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management grew its stake 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 worth $28,000 after acquiring an additional 189 shares in the last quarter. R Squared Ltd purchased a new position in Customers Bancorp in the fourth quarter valued at $42,000. 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 purchasing an additional 677 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Customers Bancorp by 323.5% during the 4th 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 period. Finally, Summit Investment Advisors Inc. raised its position in Customers Bancorp by 8.9% in the 4th 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 in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Customers Bancorp news, CEO Jay S. Sidhu sold 67,000 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.82, for a total transaction of $3,806,940.00. Following the completion of the transaction, the chief executive officer now owns 965,723 shares in the company, valued at approximately $54,872,380.86. This represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.92% of the company's stock.

Customers Bancorp Stock Performance

CUBI stock traded down $0.39 on Monday, hitting $51.13. The company's stock had a trading volume of 106,411 shares, compared to its average volume of 365,598. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 10.06 and a beta of 1.51. The firm has a 50 day moving average of $48.89 and a two-hundred day moving average of $51.01. 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 1 year low of $40.75 and a 1 year high of $68.49.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.26. The business had revenue of $194.28 million during the quarter, compared to the consensus estimate of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same quarter in the prior year, the firm earned $1.68 earnings per share. Equities analysts predict that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CUBI shares. DA Davidson upped their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods reduced 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. Stephens reaffirmed an "equal weight" rating and set a $58.00 price objective on shares of Customers Bancorp in a research report on Friday, January 24th. Finally, Maxim Group raised their price target on Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.