Militia Capital Partners LP Purchases Shares of 20,000 Customers Bancorp, Inc $CUBI

Militia Capital Partners LP purchased a new stake in Customers Bancorp, Inc (NYSE:CUBI) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 20,000 shares of the bank’s stock, valued at approximately $1,462,000.

A number of other hedge funds also recently made changes to their positions in CUBI. Arax Advisory Partners raised its stake in shares of Customers Bancorp by 218.9% in the 4th quarter. Arax Advisory Partners now owns 354 shares of the bank’s stock valued at $26,000 after acquiring an additional 243 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Customers Bancorp in the 3rd quarter valued at $29,000. Jones Financial Companies Lllp purchased a new position in shares of Customers Bancorp in the 1st quarter valued at $37,000. Transamerica Financial Advisors LLC raised its stake in shares of Customers Bancorp by 216.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 591 shares of the bank’s stock valued at $43,000 after acquiring an additional 404 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Customers Bancorp by 451.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 937 shares of the bank’s stock valued at $61,000 after acquiring an additional 767 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CUBI. DA Davidson raised their target price on shares of Customers Bancorp from $91.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. cut their target price on shares of Customers Bancorp from $90.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings raised shares of Customers Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Zacks Research downgraded shares of Customers Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Morgan Stanley cut their target price on shares of Customers Bancorp from $92.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Insider Buying and Selling

In related news, Chairman Jay S. Sidhu sold 60,315 shares of Customers Bancorp stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $76.23, for a total transaction of $4,597,812.45. Following the sale, the chairman owned 767,557 shares of the company’s stock, valued at $58,510,870.11. The trade was a 7.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Samvir S. Sidhu purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $72.58 per share, for a total transaction of $72,580.00. Following the purchase, the chief executive officer directly owned 521,714 shares in the company, valued at $37,866,002.12. This trade represents a 0.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 10.45% of the stock is currently owned by insiders.

Customers Bancorp Stock Performance

Customers Bancorp stock opened at $76.62 on Wednesday. Customers Bancorp, Inc has a 12-month low of $50.13 and a 12-month high of $82.56. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 9.72 and a beta of 1.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s fifty day moving average price is $75.37 and its 200 day moving average price is $73.68.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.09. Customers Bancorp had a net margin of 18.63% and a return on equity of 14.12%. The firm had revenue of $225.40 million for the quarter, compared to the consensus estimate of $223.51 million. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm’s quarterly revenue was up 57.9% on a year-over-year basis. On average, research analysts forecast that Customers Bancorp, Inc will post 8.52 EPS for the current fiscal year.

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.