Customers Bancorp, Inc (CUBI) Shares Bought by BlackRock Fund Advisors

Customers Bancorp, Inc (CUBI) Shares Bought by BlackRock Fund Advisors

BlackRock Fund Advisors boosted its position in Customers Bancorp, Inc (NYSE:CUBI) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,842,915 shares of the company’s stock after buying an additional 162,340 shares during the period. BlackRock Fund Advisors owned approximately 6.69% of Customers Bancorp worth $46,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Customers Bancorp by 2.5% in the third quarter. BlackRock Inc. now owns 5,165 shares of the company’s stock worth $130,000 after buying an additional 125 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Customers Bancorp by 11.9% in the third quarter. BlackRock Advisors LLC now owns 13,887 shares of the company’s stock worth $349,000 after buying an additional 1,477 shares in the last quarter. DIAM Co. Ltd. boosted its stake in shares of Customers Bancorp by 28.7% in the third quarter. DIAM Co. Ltd. now owns 43,900 shares of the company’s stock worth $1,105,000 after buying an additional 9,800 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in shares of Customers Bancorp by 3.3% in the third quarter. ClariVest Asset Management LLC now owns 78,180 shares of the company’s stock worth $1,968,000 after buying an additional 2,500 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Customers Bancorp by 1.5% in the third quarter. Arizona State Retirement System now owns 13,300 shares of the company’s stock worth $335,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.

Customers Bancorp, Inc (NYSE:CUBI) traded up 0.6113% during trading on Friday, reaching $34.8115. The company had a trading volume of 136,579 shares. Customers Bancorp, Inc has a 12-month low of $21.66 and a 12-month high of $36.93. The stock has a market capitalization of $958.85 million, a P/E ratio of 14.5108 and a beta of 0.65. The stock has a 50 day moving average of $35.29 and a 200-day moving average of $28.71.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Customers Bancorp had a net margin of 20.58% and a return on equity of 13.78%. During the same period in the prior year, the company earned $0.58 earnings per share. On average, analysts forecast that Customers Bancorp, Inc will post $2.42 earnings per share for the current fiscal year.

A number of brokerages have recently commented on CUBI. Zacks Investment Research raised Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, January 9th. Maxim Group boosted their price target on Customers Bancorp from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, December 19th. Finally, FBR & Co boosted their price target on Customers Bancorp from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, December 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.50.

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 Company operates in the community banking segment. The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers.

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