Keybank National Association OH continued to hold its stake in Customers Bancorp, Inc (NYSE:CUBI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,626 shares of the bank’s stock at the end of the 2nd quarter. Keybank National Association OH’s holdings in Customers Bancorp were worth $216,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Alps Advisors Inc. increased its position in Customers Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,590 shares of the bank’s stock worth $413,000 after purchasing an additional 38 shares during the period. Texas Permanent School Fund increased its position in Customers Bancorp by 0.4% in the first quarter. Texas Permanent School Fund now owns 20,615 shares of the bank’s stock worth $650,000 after purchasing an additional 75 shares during the period. Louisiana State Employees Retirement System increased its position in Customers Bancorp by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the bank’s stock worth $331,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Customers Bancorp by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 37,550 shares of the bank’s stock worth $1,184,000 after purchasing an additional 200 shares during the period. Finally, Arizona State Retirement System increased its position in Customers Bancorp by 1.4% in the second quarter. Arizona State Retirement System now owns 15,000 shares of the bank’s stock worth $424,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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Customers Bancorp, Inc (NYSE:CUBI) opened at 28.60 on Friday. The firm has a market capitalization of $878.88 million, a price-to-earnings ratio of 11.70 and a beta of 0.65. Customers Bancorp, Inc has a 52-week low of $24.37 and a 52-week high of $36.93. The stock’s 50 day moving average price is $28.48 and its 200 day moving average price is $29.66.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.16. The company had revenue of $68.62 million during the quarter, compared to analysts’ expectations of $67.14 million. Customers Bancorp had a return on equity of 15.93% and a net margin of 22.81%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts anticipate that Customers Bancorp, Inc will post $2.67 earnings per share for the current fiscal year.

A number of analysts recently commented on CUBI shares. Zacks Investment Research lowered Customers Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub lowered Customers Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price objective on shares of Customers Bancorp in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Customers Bancorp presently has an average rating of “Hold” and a consensus target price of $39.50.

About Customers Bancorp

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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Institutional Ownership by Quarter for Customers Bancorp (NYSE:CUBI)

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