GYL Financial Synergies LLC bought a new position in shares of Customers Bancorp Inc (NYSE:CUBI) in the first quarter, HoldingsChannel.com reports. The firm bought 60,474 shares of the bank’s stock, valued at approximately $1,107,000.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Customers Bancorp by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,480,650 shares of the bank’s stock worth $81,547,000 after buying an additional 105,983 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Customers Bancorp by 1,274.4% in the first quarter. JPMorgan Chase & Co. now owns 911,951 shares of the bank’s stock worth $16,697,000 after buying an additional 845,596 shares in the last quarter. Context BH Capital Management LP lifted its holdings in shares of Customers Bancorp by 7.3% in the fourth quarter. Context BH Capital Management LP now owns 692,436 shares of the bank’s stock worth $12,602,000 after buying an additional 47,148 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Customers Bancorp by 10.6% in the fourth quarter. Prudential Financial Inc. now owns 661,610 shares of the bank’s stock worth $12,041,000 after buying an additional 63,435 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Customers Bancorp by 25.3% in the first quarter. LSV Asset Management now owns 514,652 shares of the bank’s stock worth $9,423,000 after buying an additional 104,052 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. TheStreet downgraded shares of Customers Bancorp from a “b-” rating to a “c+” rating in a research note on Thursday, May 23rd. B. Riley set a $30.00 target price on shares of Customers Bancorp and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, ValuEngine raised shares of Customers Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $29.95.
Customers Bancorp (NYSE:CUBI) last announced its earnings results on Wednesday, April 24th. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $79.02 million for the quarter, compared to the consensus estimate of $82.68 million. Customers Bancorp had a net margin of 13.13% and a return on equity of 10.90%. During the same period last year, the firm posted $0.64 earnings per share. On average, equities analysts anticipate that Customers Bancorp Inc will post 2.2 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This article was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2019/06/13/60474-shares-in-customers-bancorp-inc-nysecubi-purchased-by-gyl-financial-synergies-llc.html.
Customers Bancorp Profile
Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to small and middle market businesses, not-for-profits, and consumers. The company operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, and individual retirement accounts, as well as certificates of deposit.
Featured Article: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps
Want to see what other hedge funds are holding CUBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Customers Bancorp Inc (NYSE:CUBI).
Receive News & Ratings for Customers Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Customers Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.