Bank of Montreal Can boosted its stake in Customers Bancorp, Inc (NYSE:CUBI) by 57.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,842 shares of the bank’s stock after buying an additional 41,241 shares during the period. Bank of Montreal Can’s holdings in Customers Bancorp were worth $3,191,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CUBI. BNP Paribas Arbitrage SA increased its stake in Customers Bancorp by 10.4% in the first quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the bank’s stock valued at $161,000 after buying an additional 479 shares during the period. US Bancorp DE raised its position in shares of Customers Bancorp by 8.3% in the first quarter. US Bancorp DE now owns 5,890 shares of the bank’s stock valued at $186,000 after buying an additional 450 shares in the last quarter. Creative Planning raised its position in shares of Customers Bancorp by 8.1% in the first quarter. Creative Planning now owns 6,543 shares of the bank’s stock valued at $206,000 after buying an additional 489 shares in the last quarter. LaSalle Street Capital Management LLC bought a new position in shares of Customers Bancorp during the first quarter valued at $206,000. Finally, Mason Street Advisors LLC raised its position in shares of Customers Bancorp by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,658 shares of the bank’s stock valued at $210,000 after buying an additional 504 shares in the last quarter. 87.82% of the stock is currently owned by hedge funds and other institutional investors.

Customers Bancorp, Inc (NYSE:CUBI) traded down 1.45% on Monday, hitting $29.24. 26,325 shares of the stock traded hands. The stock has a 50-day moving average of $28.50 and a 200-day moving average of $31.01. Customers Bancorp, Inc has a 12-month low of $24.37 and a 12-month high of $36.93. The firm has a market cap of $898.55 million, a price-to-earnings ratio of 12.01 and a beta of 0.63.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. Customers Bancorp had a net margin of 22.81% and a return on equity of 15.93%. The company had revenue of $68.62 million during the quarter, compared to analysts’ expectations of $67.14 million. During the same quarter in the prior year, the company posted $0.67 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Analysts forecast that Customers Bancorp, Inc will post $2.58 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Bank of Montreal Can Has $3.19 Million Stake in Customers Bancorp, Inc (NYSE:CUBI)” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/07/bank-of-montreal-can-has-3-19-million-stake-in-customers-bancorp-inc-nysecubi.html.

Several research analysts have weighed in on CUBI shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 price objective on shares of Customers Bancorp in a report on Thursday, April 27th. Zacks Investment Research lowered shares of Customers Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Maxim Group reissued a “buy” rating and set a $50.00 price objective on shares of Customers Bancorp in a report on Thursday, April 27th. TheStreet raised shares of Customers Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. Finally, BidaskClub lowered shares of Customers Bancorp from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Customers Bancorp has a consensus rating of “Buy” and a consensus target price of $39.50.

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 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).

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

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