LaSalle Street Capital Management LLC purchased a new stake in Customers Bancorp, Inc (NYSE:CUBI) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 17,173 shares of the bank’s stock, valued at approximately $560,000. LaSalle Street Capital Management LLC owned 0.06% of Customers Bancorp as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of CUBI. Flinton Capital Management LLC boosted its holdings in shares of Customers Bancorp by 176.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,046 shares of the bank’s stock valued at $114,000 after buying an additional 2,584 shares during the period. SG Americas Securities LLC acquired a new position in Customers Bancorp during the 2nd quarter valued at about $123,000. Nisa Investment Advisors LLC boosted its stake in Customers Bancorp by 8.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,600 shares of the bank’s stock valued at $158,000 after purchasing an additional 450 shares during the period. State of Alaska Department of Revenue boosted its stake in Customers Bancorp by 80.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,657 shares of the bank’s stock valued at $159,000 after purchasing an additional 2,517 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Customers Bancorp during the 2nd quarter valued at about $205,000. 87.57% of the stock is owned by institutional investors and hedge funds.
Customers Bancorp, Inc (CUBI) traded up $0.21 during trading on Friday, reaching $26.76. 158,427 shares of the company’s stock were exchanged, compared to its average volume of 328,916. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.17 and a quick ratio of 0.91. The firm has a market cap of $824.37, a price-to-earnings ratio of 9.36 and a beta of 0.63. Customers Bancorp, Inc has a 52-week low of $24.75 and a 52-week high of $36.93.
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A number of research firms have issued reports on CUBI. Zacks Investment Research raised shares of Customers Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Tuesday, October 24th. BidaskClub raised shares of Customers Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 16th. Boenning Scattergood reissued a “hold” rating on shares of Customers Bancorp in a research note on Friday, October 27th. Finally, Maxim Group reissued a “buy” rating and set a $50.00 target price on shares of Customers Bancorp in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $40.50.
Customers Bancorp Company Profile
Customers Bancorp, Inc (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches and offices in Southeastern Pennsylvania (Bucks, Berks, Chester, Delaware and Philadelphia Counties), Rye Brook, Melville and New York, New York (Westchester, Suffolk and New York Counties), Hamilton, New Jersey (Mercer County), Providence, Rhode Island (Providence County), Portsmouth, New Hampshire (Rockingham County) and Boston, Massachusetts (Suffolk County).
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