Dimensional Fund Advisors LP Has $55.92 Million Stake in Customers Bancorp, Inc (CUBI)

Dimensional Fund Advisors LP raised its stake in shares of Customers Bancorp, Inc (NYSE:CUBI) by 18.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,977,458 shares of the bank’s stock after acquiring an additional 301,538 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.43% of Customers Bancorp worth $55,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of Customers Bancorp during the 2nd quarter valued at $123,000. Nisa Investment Advisors LLC raised its stake in Customers Bancorp by 8.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,600 shares of the bank’s stock worth $158,000 after acquiring an additional 450 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Customers Bancorp by 80.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,657 shares of the bank’s stock worth $159,000 after acquiring an additional 2,517 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Customers Bancorp by 10.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the bank’s stock worth $161,000 after acquiring an additional 479 shares during the last quarter. Finally, US Bancorp DE raised its stake in Customers Bancorp by 8.3% in the 1st quarter. US Bancorp DE now owns 5,890 shares of the bank’s stock worth $186,000 after acquiring an additional 450 shares during the last quarter. 87.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Customers Bancorp, Inc (CUBI) opened at 28.65 on Friday. Customers Bancorp, Inc has a 12-month low of $24.68 and a 12-month high of $36.93. The firm has a market capitalization of $880.41 million, a PE ratio of 11.72 and a beta of 0.67. The company has a 50-day moving average price of $31.07 and a 200 day moving average price of $29.59.

Customers Bancorp (NYSE:CUBI) last released its earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.09). The firm had revenue of $86.05 million during the quarter, compared to analysts’ expectations of $80.32 million. Customers Bancorp had a return on equity of 15.54% and a net margin of 19.75%. During the same period last year, the business earned $0.64 earnings per share. On average, equities analysts expect that Customers Bancorp, Inc will post $2.54 earnings per share for the current year.

CUBI has been the subject of a number of recent research reports. Maxim Group reiterated a “buy” rating and set a $50.00 price objective on shares of Customers Bancorp in a research note on Friday, October 20th. BidaskClub upgraded Customers Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 29th. Zacks Investment Research upgraded Customers Bancorp from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, July 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 target price on shares of Customers Bancorp in a research report on Friday, June 30th. Finally, Boenning Scattergood cut Customers Bancorp from an “outperform” rating to a “neutral” rating in a research report on Friday, October 20th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $40.50.

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About Customers Bancorp

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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