SG Americas Securities LLC increased its position in shares of Customers Bancorp, Inc (NYSE:CUBI) by 69.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,400 shares of the bank’s stock after acquiring an additional 3,039 shares during the period. SG Americas Securities LLC’s holdings in Customers Bancorp were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in CUBI. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Customers Bancorp in the third quarter valued at about $827,000. Municipal Employees Retirement System of Michigan grew its position in Customers Bancorp by 37.3% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,050 shares of the bank’s stock worth $491,000 after buying an additional 4,090 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Customers Bancorp by 103.4% during the third quarter. BNP Paribas Arbitrage SA now owns 16,564 shares of the bank’s stock worth $540,000 after buying an additional 8,419 shares in the last quarter. Prudential Financial Inc. grew its position in Customers Bancorp by 5.0% during the third quarter. Prudential Financial Inc. now owns 469,620 shares of the bank’s stock worth $15,319,000 after buying an additional 22,190 shares in the last quarter. Finally, Legacy Advisors LLC acquired a new stake in Customers Bancorp during the third quarter worth about $5,339,000. Institutional investors and hedge funds own 87.79% of the company’s stock.

In other news, Director Rick Burkey sold 1,129 shares of Customers Bancorp stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $26.74, for a total value of $30,189.46. Following the completion of the transaction, the director now owns 40,919 shares in the company, valued at $1,094,174.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Richard A. Ehst sold 9,000 shares of Customers Bancorp stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $26.70, for a total transaction of $240,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,129 shares of company stock valued at $1,603,489. Corporate insiders own 8.67% of the company’s stock.

Customers Bancorp, Inc (NYSE:CUBI) opened at $26.65 on Thursday. The company has a market cap of $825.91, a PE ratio of 9.37 and a beta of 0.61. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.91 and a current ratio of 1.17. Customers Bancorp, Inc has a one year low of $24.75 and a one year high of $36.93.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). The business had revenue of $86.05 million for the quarter, compared to the consensus estimate of $80.32 million. Customers Bancorp had a return on equity of 15.38% and a net margin of 19.75%. During the same quarter in the prior year, the business earned $0.64 EPS. equities analysts expect that Customers Bancorp, Inc will post 2.47 EPS for the current year.

A number of equities research analysts recently weighed in on the company. B. Riley assumed coverage on Customers Bancorp in a research report on Friday, December 8th. They set a “buy” rating and a $35.00 target price on the stock. ValuEngine raised Customers Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Maxim Group reissued a “buy” rating and set a $50.00 target price on shares of Customers Bancorp in a research report on Wednesday, November 22nd. TheStreet downgraded Customers Bancorp from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Finally, BidaskClub downgraded Customers Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $39.25.

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Customers Bancorp 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).

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

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