Militia Capital Management LLC Acquires New Holdings in Customers Bancorp, Inc $CUBI

Militia Capital Management LLC bought a new position in shares of Customers Bancorp, Inc (NYSE:CUBI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,465 shares of the bank’s stock, valued at approximately $865,000.

Several other hedge funds have also recently bought and sold shares of CUBI. Arax Advisory Partners lifted its stake in Customers Bancorp by 218.9% in the fourth quarter. Arax Advisory Partners now owns 354 shares of the bank’s stock valued at $26,000 after buying an additional 243 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Customers Bancorp during the third quarter worth $29,000. Bessemer Group Inc. increased its position in shares of Customers Bancorp by 78.4% during the first quarter. Bessemer Group Inc. now owns 528 shares of the bank’s stock worth $37,000 after acquiring an additional 232 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Customers Bancorp during the first quarter worth $37,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Customers Bancorp by 216.0% during 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Customers Bancorp

In other news, Chairman Jay S. Sidhu sold 60,315 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $76.23, for a total transaction of $4,597,812.45. Following the completion of the transaction, the chairman directly owned 767,557 shares in the company, valued at $58,510,870.11. This represents a 7.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Samvir S. Sidhu acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $72.58 per share, with a total value of $72,580.00. Following the acquisition, the chief executive officer directly owned 521,714 shares in the company, valued at $37,866,002.12. This represents a 0.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 10.45% of the company’s stock.

Customers Bancorp Price Performance

NYSE CUBI opened at $76.00 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. Customers Bancorp, Inc has a 12-month low of $59.34 and a 12-month high of $82.56. The company has a market capitalization of $2.57 billion, a PE ratio of 9.64 and a beta of 1.48. The firm’s 50 day moving average is $76.31 and its 200-day moving average is $74.51.

Customers Bancorp (NYSE:CUBI) last announced its earnings results on Thursday, July 23rd. The bank reported $2.05 EPS for the quarter, topping the consensus estimate of $2.00 by $0.05. Customers Bancorp had a net margin of 18.63% and a return on equity of 14.12%. The business had revenue of $227.28 million during the quarter, compared to analysts’ expectations of $229.24 million. During the same quarter in the prior year, the company posted $1.80 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Customers Bancorp, Inc will post 8.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CUBI shares. Fundamental Research set a $94.00 price objective on shares of Customers Bancorp in a research report on Wednesday, July 1st. DA Davidson increased their target price on Customers Bancorp from $91.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Customers Bancorp in a research note on Monday, June 29th. JPMorgan Chase & Co. boosted their price target on Customers Bancorp from $86.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, Hovde Group upped their price objective on Customers Bancorp from $80.00 to $86.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.62.

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.