Tudor Investment Corp ET AL Purchases 64,141 Shares of Customers Bancorp, Inc $CUBI

Tudor Investment Corp ET AL raised its position in shares of Customers Bancorp, Inc (NYSE:CUBI) by 247.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,102 shares of the bank’s stock after purchasing an additional 64,141 shares during the quarter. Tudor Investment Corp ET AL owned 0.26% of Customers Bancorp worth $5,890,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Customers Bancorp during the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp bought a new stake in shares of Customers Bancorp during the 1st quarter valued at about $37,000. Farther Finance Advisors LLC grew its stake in shares of Customers Bancorp by 63.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 672 shares of the bank’s stock valued at $44,000 after purchasing an additional 260 shares during the period. Aster Capital Management DIFC Ltd grew its stake in shares of Customers Bancorp by 451.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 937 shares of the bank’s stock valued at $61,000 after purchasing an additional 767 shares during the period. Finally, CX Institutional bought a new stake in shares of Customers Bancorp during the 3rd quarter valued at about $67,000. 89.29% of the stock is currently owned by institutional investors.

Customers Bancorp Stock Up 3.1%

CUBI stock opened at $73.95 on Thursday. Customers Bancorp, Inc has a twelve month low of $41.85 and a twelve month high of $82.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2.53 billion, a P/E ratio of 11.93 and a beta of 1.57. The business’s 50-day moving average price is $70.81 and its 200-day moving average price is $70.53.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. Customers Bancorp had a return on equity of 14.05% and a net margin of 15.15%.The firm had revenue of $236.90 million for the quarter, compared to analysts’ expectations of $200.38 million. During the same period in the previous year, the firm earned $1.36 EPS. On average, equities research analysts forecast that Customers Bancorp, Inc will post 6.45 EPS for the current year.

Customers Bancorp declared that its board has authorized a share buyback plan on Wednesday, February 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CUBI. Raymond James Financial restated a “strong-buy” rating and set a $95.00 price target on shares of Customers Bancorp in a research note on Tuesday, January 6th. Wall Street Zen downgraded Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Stephens upgraded Customers Bancorp from an “underweight” rating to an “equal weight” rating and set a $71.00 price target for the company in a research note on Monday, March 16th. Morgan Stanley lowered their price objective on Customers Bancorp from $92.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Finally, DA Davidson lifted their price objective on Customers Bancorp from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Customers Bancorp presently has an average rating of “Moderate Buy” and an average target price of $86.42.

Customers Bancorp Profile

Customers Bancorp, Inc (NYSE: CUBI) is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.