Metropolitan Life Insurance Co. NY increased its stake in shares of Customers Bancorp, Inc (NYSE:CUBI) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 17,410 shares of the bank’s stock after buying an additional 431 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Customers Bancorp were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. US Bancorp DE raised its position in 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 during the period. Capital Fund Management S.A. purchased a new stake in Customers Bancorp during the first quarter valued at about $889,000. LSV Asset Management raised its stake in Customers Bancorp by 111.7% in the first quarter. LSV Asset Management now owns 188,208 shares of the bank’s stock valued at $5,934,000 after buying an additional 99,319 shares during the period. Great West Life Assurance Co. Can raised its stake in Customers Bancorp by 4.3% in the first quarter. Great West Life Assurance Co. Can now owns 39,169 shares of the bank’s stock valued at $1,233,000 after buying an additional 1,624 shares during the period. Finally, Adams Diversified Equity Fund Inc. raised its stake in Customers Bancorp by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 36,000 shares of the bank’s stock valued at $1,135,000 after buying an additional 1,000 shares during the period. 87.82% of the stock is owned by institutional investors.

Customers Bancorp, Inc (CUBI) traded down 1.49% during trading on Thursday, hitting $28.46. 20,365 shares of the company traded hands. The company’s 50-day moving average is $28.59 and its 200 day moving average is $30.84. Customers Bancorp, Inc has a 52-week low of $24.37 and a 52-week high of $36.93. The firm has a market cap of $874.58 million, a price-to-earnings ratio of 11.64 and a beta of 0.63.

Customers Bancorp (NYSE:CUBI) last released its earnings results on Wednesday, July 26th. The bank reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. Customers Bancorp had a return on equity of 15.93% and a net margin of 22.81%. The company had revenue of $68.62 million during the quarter, compared to the consensus estimate of $67.14 million. During the same quarter last year, the company earned $0.67 earnings per share. Customers Bancorp’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that Customers Bancorp, Inc will post $2.65 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.dailypolitical.com/2017/08/10/customers-bancorp-inc-cubi-shares-bought-by-metropolitan-life-insurance-co-ny.html.

A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Customers Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. Zacks Investment Research raised shares of Customers Bancorp from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, July 31st. Maxim Group reissued a “buy” rating and set a $50.00 target price on shares of Customers Bancorp in a research report on Thursday, April 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 target price on shares of Customers Bancorp in a research report on Thursday, April 27th. Finally, BidaskClub raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.50.

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 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).

Want to see what other hedge funds are holding CUBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Customers Bancorp, Inc (NYSE:CUBI).

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

Receive News & Ratings for Customers Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Customers Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.