Capstone Investment Advisors LLC acquired a new position in shares of Customers Bancorp, Inc. (NYSE:CUBI – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,144 shares of the bank’s stock, valued at approximately $220,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Customers Bancorp during the 4th quarter worth about $78,000. Aigen Investment Management LP bought a new position in shares of Customers Bancorp during the 4th quarter worth about $209,000. Coldstream Capital Management Inc. bought a new position in shares of Customers Bancorp during the 4th quarter worth about $218,000. Cookson Peirce & Co. Inc. bought a new position in shares of Customers Bancorp during the 4th quarter worth about $234,000. Finally, Versor Investments LP bought a new position in shares of Customers Bancorp during the 4th quarter worth about $236,000. 89.29% of the stock is owned by institutional investors.
Customers Bancorp Trading Up 6.0 %
CUBI opened at $52.48 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1.65 billion, a PE ratio of 7.33 and a beta of 1.65. Customers Bancorp, Inc. has a 1-year low of $31.16 and a 1-year high of $60.09. The firm has a 50-day moving average price of $46.58 and a two-hundred day moving average price of $50.18.
Wall Street Analyst Weigh In
CUBI has been the subject of several analyst reports. Wedbush cut their price target on shares of Customers Bancorp from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Jefferies Financial Group cut their price target on shares of Customers Bancorp from $59.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Hovde Group cut their price target on shares of Customers Bancorp from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.63.
View Our Latest Research Report on Customers Bancorp
Customers Bancorp Company 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.
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