Dimensional Fund Advisors LP Grows Stake in Customers Bancorp, Inc (CUBI)

Dimensional Fund Advisors LP lifted its position in shares of Customers Bancorp, Inc (NYSE:CUBI) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,137,437 shares of the bank’s stock after purchasing an additional 159,979 shares during the period. Dimensional Fund Advisors LP owned about 6.94% of Customers Bancorp worth $69,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Customers Bancorp by 2.8% during the second 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. Vanguard Group Inc. boosted its holdings in Customers Bancorp by 3.5% in the second quarter. Vanguard Group Inc. now owns 1,502,298 shares of the bank’s stock valued at $42,485,000 after acquiring an additional 50,545 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Customers Bancorp by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,407,426 shares of the bank’s stock valued at $45,913,000 after acquiring an additional 46,459 shares during the last quarter. State Street Corp boosted its holdings in Customers Bancorp by 7.6% in the second quarter. State Street Corp now owns 1,114,816 shares of the bank’s stock valued at $31,530,000 after acquiring an additional 78,363 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Customers Bancorp by 5.0% in the second quarter. Alliancebernstein L.P. now owns 1,088,572 shares of the bank’s stock valued at $30,785,000 after acquiring an additional 51,360 shares during the last quarter. Institutional investors own 87.79% of the company’s stock.

Customers Bancorp, Inc (NYSE CUBI) opened at $26.08 on Thursday. The stock has a market capitalization of $811.43, a P/E ratio of 12.72 and a beta of 0.61. Customers Bancorp, Inc has a twelve month low of $24.75 and a twelve month 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 posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share (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 quarter in the previous year, the company posted $0.64 earnings per share.

In other Customers Bancorp news, CFO Robert E. Wahlman sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $26.66, for a total transaction of $1,333,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rick Burkey sold 1,129 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $26.74, for a total value of $30,189.46. Following the transaction, the director now owns 40,919 shares in the company, valued at $1,094,174.06. The disclosure for this sale can be found here. Insiders have sold a total of 60,129 shares of company stock worth $1,603,489 over the last 90 days. Company insiders own 8.67% of the company’s stock.

Several brokerages recently commented on CUBI. BidaskClub upgraded Customers Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 29th. Zacks Investment Research cut Customers Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Maxim Group reiterated a “buy” rating and issued a $50.00 target price on shares of Customers Bancorp in a report on Thursday, October 26th. Finally, Boenning Scattergood cut Customers Bancorp from an “outperform” rating to a “neutral” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Customers Bancorp presently has a consensus rating of “Hold” and an average target price of $39.25.

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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).

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

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