LSV Asset Management maintained its stake in shares of Customers Bancorp Inc. (NYSE:CUBI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the company’s stock at the end of the second quarter. LSV Asset Management’s holdings in Customers Bancorp were worth $120,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Barclays PLC bought a new stake in shares of Customers Bancorp during the first quarter valued at approximately $690,000. Nuveen Asset Management LLC increased its stake in shares of Customers Bancorp by 21.1% in the first quarter. Nuveen Asset Management LLC now owns 259,269 shares of the company’s stock valued at $6,126,000 after buying an additional 45,202 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Customers Bancorp during the second quarter valued at approximately $6,547,000. Geode Capital Management LLC increased its stake in shares of Customers Bancorp by 9.3% in the first quarter. Geode Capital Management LLC now owns 168,001 shares of the company’s stock valued at $3,969,000 after buying an additional 14,247 shares during the last quarter. Finally, Hillcrest Asset Management LLC bought a new stake in shares of Customers Bancorp during the first quarter valued at approximately $9,426,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

Customers Bancorp Inc. (NYSE:CUBI) traded up 1.19% during midday trading on Wednesday, reaching $25.54. The company’s stock had a trading volume of 129,127 shares. Customers Bancorp Inc. has a 52 week low of $21.66 and a 52 week high of $31.63. The firm has a market capitalization of $697.04 million, a PE ratio of 11.36 and a beta of 0.60. The stock has a 50 day moving average of $26.08 and a 200 day moving average of $25.47.

Customers Bancorp (NYSE:CUBI) last issued its earnings results on Wednesday, July 20th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Customers Bancorp had a return on equity of 13.73% and a net margin of 22.25%. During the same period in the prior year, the company earned $0.52 EPS. On average, equities research analysts predict that Customers Bancorp Inc. will post $2.40 earnings per share for the current fiscal year.

Several equities research analysts recently commented on CUBI shares. TheStreet downgraded Customers Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. FBR & Co reiterated an “outperform” rating and set a $32.00 target price on shares of Customers Bancorp in a report on Friday, June 24th. Zacks Investment Research downgraded Customers Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on Customers Bancorp from $31.00 to $29.00 and set a “market perform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.10.

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 Company operates in the community banking segment. The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers.

5 Day Chart for NYSE:CUBI

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