Public Employees Retirement System of Ohio maintained its position in shares of Customers Bancorp, Inc (NYSE:CUBI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,400 shares of the bank’s stock at the end of the 2nd quarter. Public Employees Retirement System of Ohio owned 0.20% of Customers Bancorp worth $1,708,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in Customers Bancorp by 2.8% in the 2nd quarter. BlackRock Inc. now owns 3,584,410 shares of the bank’s stock worth $101,365,000 after purchasing an additional 97,085 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Customers Bancorp by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,977,458 shares of the bank’s stock worth $55,924,000 after purchasing an additional 301,538 shares during the last quarter. Vanguard Group Inc. grew its position in Customers Bancorp by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,502,298 shares of the bank’s stock worth $42,485,000 after purchasing an additional 50,545 shares during the last quarter. State Street Corp grew its position in Customers Bancorp by 7.6% in the 2nd quarter. State Street Corp now owns 1,114,816 shares of the bank’s stock worth $31,530,000 after purchasing an additional 78,363 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Customers Bancorp by 5.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,088,572 shares of the bank’s stock worth $30,785,000 after purchasing an additional 51,360 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.
A number of equities analysts have recently commented on CUBI shares. Maxim Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Customers Bancorp in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Customers Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Finally, Boenning Scattergood downgraded shares of Customers Bancorp from an “outperform” rating to a “neutral” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.50.
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Customers Bancorp, Inc (NYSE CUBI) opened at $26.61 on Monday. The company has a market cap of $819.75, a PE ratio of 9.30 and a beta of 0.63. Customers Bancorp, Inc has a 1-year low of $24.68 and a 1-year high of $36.93. The company has a current ratio of 1.17, a quick ratio of 0.91 and a debt-to-equity ratio of 2.27.
Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). The business had revenue of $86.05 million for the quarter, compared to the consensus estimate of $80.32 million. Customers Bancorp had a return on equity of 15.38% and a net margin of 19.75%. During the same period in the previous year, the business posted $0.64 earnings per share. research analysts anticipate that Customers Bancorp, Inc will post 2.47 earnings per share for the current fiscal year.
Customers Bancorp 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).
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