Nisa Investment Advisors LLC raised its position in shares of Customers Bancorp, Inc (NYSE:CUBI) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,600 shares of the bank’s stock after buying an additional 450 shares during the period. Nisa Investment Advisors LLC’s holdings in Customers Bancorp were worth $158,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Texas Permanent School Fund increased its stake in shares of Customers Bancorp by 0.4% in the first quarter. Texas Permanent School Fund now owns 20,615 shares of the bank’s stock valued at $650,000 after buying an additional 75 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Customers Bancorp by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 37,550 shares of the bank’s stock valued at $1,184,000 after buying an additional 200 shares during the period. Wellington Management Group LLP increased its stake in shares of Customers Bancorp by 2.4% in the first quarter. Wellington Management Group LLP now owns 10,887 shares of the bank’s stock valued at $343,000 after buying an additional 258 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Customers Bancorp by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the bank’s stock valued at $366,000 after buying an additional 300 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Customers Bancorp by 2.1% in the first quarter. Arizona State Retirement System now owns 14,800 shares of the bank’s stock valued at $467,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Shares of Customers Bancorp, Inc (CUBI) traded up 0.31% during midday trading on Wednesday, reaching $28.67. 30,629 shares of the company’s stock traded hands. The stock has a market capitalization of $881.03 million, a P/E ratio of 11.73 and a beta of 0.63. The firm’s 50-day moving average price is $28.68 and its 200 day moving average price is $30.64. Customers Bancorp, Inc has a 1-year low of $24.37 and a 1-year high of $36.93.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.62 by $0.16. Customers Bancorp had a net margin of 22.81% and a return on equity of 15.93%. The company had revenue of $68.62 million during the quarter, compared to analysts’ expectations of $67.14 million. During the same quarter in the previous year, the business posted $0.67 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Customers Bancorp, Inc will post $2.65 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on CUBI shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.00 target price on shares of Customers Bancorp in a research note on Thursday, April 27th. Zacks Investment Research downgraded shares of Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub downgraded shares of Customers Bancorp from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Maxim Group restated a “buy” rating and issued a $50.00 target price on shares of Customers Bancorp in a research note on Thursday, April 27th. Finally, TheStreet upgraded shares of Customers Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Customers Bancorp currently has an average rating of “Hold” and an average price target of $39.50.

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 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).

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Institutional Ownership by Quarter for Customers Bancorp (NYSE:CUBI)

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