Customers Bancorp, Inc. (NYSE:CUBI) Holdings Cut by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 81.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,310 shares of the bank's stock after selling 55,510 shares during the quarter. Tudor Investment Corp ET AL's holdings in Customers Bancorp were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CUBI. Hood River Capital Management LLC increased its stake in shares of Customers Bancorp by 40.1% in the fourth quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank's stock valued at $71,606,000 after purchasing an additional 421,335 shares during the period. American Century Companies Inc. increased its position in Customers Bancorp by 5.9% in the 4th quarter. American Century Companies Inc. now owns 773,772 shares of the bank's stock valued at $37,667,000 after acquiring an additional 42,965 shares during the period. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 106,895 shares in the last quarter. Tieton Capital Management LLC raised its stake in Customers Bancorp by 22.9% during the 4th quarter. Tieton Capital Management LLC now owns 290,373 shares of the bank's stock valued at $14,135,000 after acquiring an additional 54,170 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Customers Bancorp by 46.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,368 shares of the bank's stock worth $13,621,000 after acquiring an additional 90,451 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Customers Bancorp Trading Up 2.0%

Shares of NYSE:CUBI traded up $1.09 during midday trading on Tuesday, reaching $55.27. The company had a trading volume of 40,594 shares, compared to its average volume of 364,753. Customers Bancorp, Inc. has a 1-year low of $40.75 and a 1-year high of $68.49. The company has a fifty day simple moving average of $48.76 and a two-hundred day simple moving average of $51.26. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 10.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.26. The company had revenue of $194.28 million during 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 earned $1.68 earnings per share. Research analysts predict that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stephens restated an "equal weight" rating and set a $58.00 price objective on shares of Customers Bancorp in a research note on Friday, January 24th. DA Davidson upped their price target 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 lowered 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 research note on Monday, April 28th. Finally, Maxim Group boosted their target price on Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Six 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. According to MarketBeat.com, Customers Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $63.80.

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.