Mason Street Advisors LLC Acquires Shares of 4,917 Customers Bancorp Inc. (CUBI)
Mason Street Advisors LLC acquired a new position in shares of Customers Bancorp Inc. (NYSE:CUBI) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,917 shares of the company’s stock, valued at approximately $124,000.
Other large investors have also recently made changes to their positions in the company. Barclays PLC bought a new stake in Customers Bancorp during the first quarter worth about $690,000. BNP Paribas Arbitrage SA bought a new stake in Customers Bancorp during the second quarter worth about $196,000. ClariVest Asset Management LLC bought a new stake in Customers Bancorp during the second quarter worth about $1,902,000. Emerald Acquisition Ltd. bought a new stake in Customers Bancorp during the second quarter worth about $6,547,000. Finally, Nuveen Asset Management LLC increased its stake in Customers Bancorp by 21.1% in the first quarter. Nuveen Asset Management LLC now owns 259,269 shares of the company’s stock worth $6,126,000 after buying an additional 45,202 shares during the last quarter. Hedge funds and other institutional investors own 84.74% of the company’s stock.
Shares of Customers Bancorp Inc. (NYSE:CUBI) opened at 24.63 on Monday. Customers Bancorp Inc. has a 52 week low of $21.66 and a 52 week high of $31.63. The stock has a market capitalization of $672.20 million, a PE ratio of 10.95 and a beta of 0.62. The stock’s 50 day moving average is $25.57 and its 200 day moving average is $25.56.
Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Customers Bancorp had a net margin of 22.25% and a return on equity of 13.73%. During the same period in the previous year, the firm earned $0.52 earnings per share. Analysts anticipate that Customers Bancorp Inc. will post $2.40 EPS for the current fiscal year.
Several research analysts recently issued reports on CUBI shares. FBR & Co restated an “outperform” rating and set a $32.00 price objective on shares of Customers Bancorp in a research report on Friday, June 24th. Zacks Investment Research cut shares of Customers Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Customers Bancorp from $31.00 to $29.00 and set a “market perform” rating for the company in a research note on Tuesday, September 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $31.10.
Customers Bancorp Company Profile
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.
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