Militia Capital Management LLC Takes $865,000 Position in Customers Bancorp, Inc $CUBI

Militia Capital Management LLC bought a new position in shares of Customers Bancorp, Inc (NYSE:CUBI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,465 shares of the bank’s stock, valued at approximately $865,000.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Customers Bancorp by 3,074.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,596 shares of the bank’s stock valued at $63,732,000 after acquiring an additional 844,141 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Customers Bancorp by 213.0% during the first quarter. Assenagon Asset Management S.A. now owns 778,789 shares of the bank’s stock worth $54,056,000 after purchasing an additional 529,987 shares during the period. Anatole Investment Management Ltd acquired a new position in Customers Bancorp during the second quarter valued at approximately $17,593,000. Millennium Management LLC raised its position in shares of Customers Bancorp by 448.8% in the third quarter. Millennium Management LLC now owns 327,784 shares of the bank’s stock valued at $21,427,000 after purchasing an additional 268,056 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Customers Bancorp by 247,273.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 222,636 shares of the bank’s stock valued at $16,279,000 after purchasing an additional 222,546 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Customers Bancorp Trading Down 0.1%

Shares of CUBI opened at $78.61 on Monday. The stock’s 50-day moving average price is $76.83 and its 200 day moving average price is $74.53. 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 firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 9.59 and a beta of 1.48. Customers Bancorp, Inc has a 12-month low of $59.34 and a 12-month high of $82.56.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.05. Customers Bancorp had a return on equity of 13.80% and a net margin of 19.07%.The company had revenue of $227.28 million during the quarter, compared to the consensus estimate of $229.24 million. During the same quarter last year, the company earned $1.80 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts predict that Customers Bancorp, Inc will post 8.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Hovde Group upped their price target 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. JPMorgan Chase & Co. raised their target price on Customers Bancorp from $86.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Morgan Stanley upped their price target on Customers Bancorp from $83.00 to $88.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Piper Sandler increased their price objective on Customers Bancorp from $86.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Customers Bancorp in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.15.

Insiders Place Their Bets

In other Customers Bancorp news, CEO Samvir S. Sidhu acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $72.58 per share, for a total transaction of $72,580.00. Following the purchase, the chief executive officer owned 521,714 shares in the company, valued at $37,866,002.12. This represents a 0.19% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Jay S. Sidhu sold 835 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $79.00, for a total transaction of $65,965.00. Following the transaction, the chairman directly owned 736,578 shares of the company’s stock, valued at $58,189,662. The trade was a 0.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 94,494 shares of company stock worth $7,294,032 over the last 90 days. Corporate 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.