Campbell & CO Investment Adviser LLC purchased a new stake in Customers Bancorp, Inc. (NYSE:CUBI – Free Report) in the third quarter, HoldingsChannel reports. The firm purchased 17,609 shares of the bank’s stock, valued at approximately $607,000.
Other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its position in shares of Customers Bancorp by 56.2% in the 1st quarter. MetLife Investment Management LLC now owns 16,550 shares of the bank’s stock valued at $863,000 after buying an additional 5,954 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Customers Bancorp by 2.1% in the first quarter. Rhumbline Advisers now owns 80,055 shares of the bank’s stock worth $4,174,000 after acquiring an additional 1,661 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Customers Bancorp by 15.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,104 shares of the bank’s stock worth $1,361,000 after acquiring an additional 3,567 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Customers Bancorp by 4.6% in the first quarter. BlackRock Inc. now owns 4,837,269 shares of the bank’s stock worth $252,216,000 after acquiring an additional 214,065 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Customers Bancorp by 1.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 26,354 shares of the bank’s stock worth $1,410,000 after purchasing an additional 398 shares in the last quarter. Institutional investors own 82.12% of the company’s stock.
Customers Bancorp Stock Performance
Shares of NYSE CUBI opened at $51.54 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. Customers Bancorp, Inc. has a 12 month low of $6.87 and a 12 month high of $60.09. The stock has a 50 day moving average of $53.11 and a 200-day moving average of $43.02. The company has a market capitalization of $1.61 billion, a P/E ratio of 7.05 and a beta of 1.69.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
CUBI has been the subject of a number of research reports. B. Riley increased their target price on Customers Bancorp from $62.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Raymond James increased their target price on Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Monday, January 29th. Wedbush lowered their target price on Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Finally, Piper Sandler increased their price objective on Customers Bancorp from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.
Customers Bancorp Company Profile
Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts.
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