De Lisle Partners LLP Buys Shares of 59,658 Customers Bancorp, Inc $CUBI

De Lisle Partners LLP purchased a new stake in shares of Customers Bancorp, Inc (NYSE:CUBI) in the second quarter, HoldingsChannel.com reports. The fund purchased 59,658 shares of the bank’s stock, valued at approximately $4,721,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Customers Bancorp by 41.0% in the 2nd quarter. Versant Capital Management Inc now owns 561 shares of the bank’s stock worth $44,000 after acquiring an additional 163 shares during the period. Lido Advisors LLC boosted its position in Customers Bancorp by 3.0% during the fourth quarter. Lido Advisors LLC now owns 6,135 shares of the bank’s stock worth $412,000 after purchasing an additional 178 shares in the last quarter. Alliancebernstein L.P. boosted its position in Customers Bancorp by 0.5% during the third quarter. Alliancebernstein L.P. now owns 34,054 shares of the bank’s stock worth $2,226,000 after purchasing an additional 182 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Customers Bancorp by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 17,625 shares of the bank’s stock valued at $1,289,000 after purchasing an additional 230 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Customers Bancorp by 78.4% in the first quarter. Bessemer Group Inc. now owns 528 shares of the bank’s stock valued at $37,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Customers Bancorp Stock Performance

Customers Bancorp stock opened at $79.84 on Friday. Customers Bancorp, Inc has a fifty-two week low of $59.34 and a fifty-two week high of $84.38. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 9.74 and a beta of 1.49. The stock has a fifty day moving average of $78.79 and a two-hundred day moving average of $74.97. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.00 and a current ratio of 1.00.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CUBI shares. JPMorgan Chase & Co. lifted their price target on Customers Bancorp from $86.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Hovde Group increased their price objective on shares of Customers Bancorp from $80.00 to $86.00 and gave the company a “market perform” rating in a research note on Tuesday, April 28th. Piper Sandler raised their target price on shares of Customers Bancorp from $86.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Keefe, Bruyette & Woods lifted their target price 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 upped their price target on shares of Customers Bancorp from $83.00 to $88.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Customers Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.69.

Insiders Place Their Bets

In other Customers Bancorp news, Chairman Jay S. Sidhu sold 68,821 shares of the company’s stock in a transaction dated 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 transaction, the chairman directly owned 667,757 shares in the company, valued at approximately $53,480,658.13. This represents a 9.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 160,315 shares of company stock valued at $12,578,896. Insiders own 10.45% of the company’s stock.

Customers Bancorp Profile

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.