Capitolis Liquid Global Markets LLC Acquires New Shares in Customers Bancorp, Inc $CUBI

Capitolis Liquid Global Markets LLC acquired a new stake in shares of Customers Bancorp, Inc (NYSE:CUBI) during the third quarter, according to its most recent filing with the SEC. The fund acquired 24,600 shares of the bank’s stock, valued at approximately $1,608,000.

A number of other institutional investors have also added to or reduced their stakes in CUBI. Jones Financial Companies Lllp bought a new position in shares of Customers Bancorp in the first quarter valued at approximately $37,000. Farther Finance Advisors LLC grew its stake in Customers Bancorp by 63.1% during the third quarter. Farther Finance Advisors LLC now owns 672 shares of the bank’s stock valued at $44,000 after acquiring an additional 260 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Customers Bancorp by 451.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 937 shares of the bank’s stock worth $61,000 after acquiring an additional 767 shares during the period. CX Institutional bought a new stake in Customers Bancorp during the 3rd quarter worth approximately $67,000. Finally, Smartleaf Asset Management LLC lifted its stake in Customers Bancorp by 17.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,755 shares of the bank’s stock worth $115,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Customers Bancorp Price Performance

Shares of NYSE:CUBI opened at $64.68 on Monday. The stock has a market cap of $2.21 billion, a PE ratio of 10.43 and a beta of 1.66. The company’s fifty day moving average is $74.03 and its 200 day moving average is $70.56. Customers Bancorp, Inc has a 52 week low of $40.75 and a 52 week high of $82.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.76.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.02. The firm had revenue of $236.90 million during the quarter, compared to the consensus estimate of $200.38 million. Customers Bancorp had a return on equity of 14.05% and a net margin of 15.15%.During the same quarter in the previous year, the company posted $1.36 earnings per share. Research analysts anticipate that Customers Bancorp, Inc will post 6.45 earnings per share for the current year.

Customers Bancorp announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CUBI shares. Piper Sandler initiated coverage on Customers Bancorp in a research report on Thursday. They issued an “overweight” rating and a $82.00 price objective on the stock. B. Riley Financial restated a “buy” rating on shares of Customers Bancorp in a research note on Monday, January 26th. DA Davidson raised their price target on Customers Bancorp from $93.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 26th. Wall Street Zen cut Customers Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, TD Cowen reiterated a “buy” rating on shares of Customers Bancorp in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.67.

Customers Bancorp Company 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.