Militia Capital Management LLC Acquires New Holdings in Customers Bancorp, Inc $CUBI

Militia Capital Management LLC bought a new stake in Customers Bancorp, Inc (NYSE:CUBI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,465 shares of the bank’s stock, valued at approximately $865,000.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Customers Bancorp by 11.5% in the first quarter. Royal Bank of Canada now owns 5,344 shares of the bank’s stock valued at $269,000 after acquiring an additional 553 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Customers Bancorp by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,625 shares of the bank’s stock worth $885,000 after purchasing an additional 786 shares during the period. Millennium Management LLC boosted its stake in Customers Bancorp by 71.4% during the 1st quarter. Millennium Management LLC now owns 274,730 shares of the bank’s stock valued at $13,791,000 after purchasing an additional 114,430 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Customers Bancorp during the 1st quarter valued at $37,000. Finally, Creative Planning acquired a new position in shares of Customers Bancorp during the 2nd quarter valued at $250,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CUBI. JPMorgan Chase & Co. raised their target price on Customers Bancorp from $86.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Fundamental Research set a $94.00 price objective on shares of Customers Bancorp in a research report on Wednesday, July 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Customers Bancorp in a report on Monday, June 29th. Hovde Group raised their target price on shares of Customers Bancorp from $80.00 to $86.00 and gave the stock a “market perform” rating in a report on Tuesday, April 28th. Finally, DA Davidson lifted their price target on shares of Customers Bancorp from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Customers Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.15.

Customers Bancorp Trading Down 0.1%

NYSE:CUBI opened at $78.61 on Monday. The stock has a market cap of $2.66 billion, a PE ratio of 9.59 and a beta of 1.48. Customers Bancorp, Inc has a fifty-two week low of $59.34 and a fifty-two week high of $82.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50-day moving average is $76.83 and its two-hundred day moving average is $74.53.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $2.05 EPS for the quarter, topping the consensus estimate of $2.00 by $0.05. The business had revenue of $227.28 million during the quarter, compared to analysts’ expectations of $229.24 million. Customers Bancorp had a net margin of 19.07% and a return on equity of 13.80%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $1.80 earnings per share. As a group, equities research analysts forecast that Customers Bancorp, Inc will post 8.43 earnings per share for the current fiscal year.

Insider Transactions at Customers Bancorp

In related news, Chairman Jay S. Sidhu sold 60,315 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $76.23, for a total transaction of $4,597,812.45. Following the completion of the sale, the chairman directly owned 767,557 shares in the company, valued at approximately $58,510,870.11. This trade represents a 7.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Watkins sold 3,000 shares of Customers Bancorp stock in a transaction on Monday, May 11th. The shares were sold at an average price of $75.67, for a total value of $227,010.00. Following the sale, the executive vice president directly owned 43,993 shares of the company’s stock, valued at approximately $3,328,950.31. The trade was a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 94,494 shares of company stock valued at $7,294,032. 10.45% of the stock is owned by insiders.

About Customers Bancorp

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.