Tieton Capital Management LLC Makes New $20.26 Million Investment in Customers Bancorp, Inc $CUBI

Tieton Capital Management LLC purchased a new position in shares of Customers Bancorp, Inc (NYSE:CUBI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 256,178 shares of the bank’s stock, valued at approximately $20,264,000. Customers Bancorp makes up 5.8% of Tieton Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Tieton Capital Management LLC owned about 0.76% of Customers Bancorp at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CUBI. Arax Advisory Partners increased its stake in shares of Customers Bancorp by 218.9% in the 4th quarter. Arax Advisory Partners now owns 354 shares of the bank’s stock valued at $26,000 after purchasing an additional 243 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Customers Bancorp in the 3rd quarter valued at approximately $29,000. Bessemer Group Inc. raised its stake in shares of Customers Bancorp by 78.4% during the first quarter. Bessemer Group Inc. now owns 528 shares of the bank’s stock valued at $37,000 after acquiring an additional 232 shares during the last quarter. Versant Capital Management Inc raised its position in Customers Bancorp by 41.0% during the 2nd quarter. Versant Capital Management Inc now owns 561 shares of the bank’s stock worth $44,000 after purchasing an additional 163 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Customers Bancorp by 216.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 591 shares of the bank’s stock worth $43,000 after acquiring an additional 404 shares during the period. 89.29% of the stock is owned by institutional investors.

Customers Bancorp Trading Down 2.6%

Shares of CUBI opened at $78.66 on Thursday. Customers Bancorp, Inc has a twelve month low of $59.34 and a twelve month high of $84.38. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.01. The stock has a market cap of $2.66 billion, a PE ratio of 9.59 and a beta of 1.49. The business’s 50-day moving average price is $78.71 and its 200-day moving average price is $74.93.

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

Insider Transactions at Customers Bancorp

In other Customers Bancorp news, Chairman Jay S. Sidhu sold 68,821 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $80.09, for a total value of $5,511,873.89. Following the completion of the transaction, the chairman owned 667,757 shares of the company’s stock, valued at $53,480,658.13. The trade was a 9.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 160,315 shares of company stock worth $12,578,896 in the last three months. Insiders own 10.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CUBI has been the topic of several recent analyst reports. Hovde Group boosted their target price on shares of Customers Bancorp from $80.00 to $86.00 and gave the company a “market perform” rating in a report on Tuesday, April 28th. DA Davidson lifted their price target on shares of Customers Bancorp from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their price target on Customers Bancorp from $86.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price objective on shares of Customers Bancorp from $88.00 to $89.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley raised their target price on Customers Bancorp from $83.00 to $88.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.69.

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.