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

Militia Capital Management LLC purchased a new stake in shares of Customers Bancorp, Inc (NYSE:CUBI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,465 shares of the bank’s stock, valued at approximately $865,000.

Several other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in 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 worth $63,732,000 after purchasing an additional 844,141 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Customers Bancorp by 213.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 778,789 shares of the bank’s stock valued at $54,056,000 after purchasing an additional 529,987 shares during the period. Anatole Investment Management Ltd bought a new position in shares of Customers Bancorp in the 2nd quarter valued at about $17,593,000. Millennium Management LLC boosted its stake in shares of Customers Bancorp by 448.8% in the 3rd 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Customers Bancorp by 247,273.3% in the 4th 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 last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other Customers Bancorp news, EVP Philip Watkins sold 3,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $75.67, for a total value of $227,010.00. Following the sale, the executive vice president directly owned 43,993 shares in the company, valued at approximately $3,328,950.31. This trade represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Samvir S. Sidhu purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost 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 trade represents a 0.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 10.45% of the company’s stock.

Customers Bancorp Stock Performance

Shares of CUBI stock opened at $76.00 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $2.57 billion, a PE ratio of 9.64 and a beta of 1.48. The stock has a 50-day moving average of $76.31 and a 200-day moving average of $74.51. Customers Bancorp, Inc has a one year low of $59.34 and a one year high of $82.56.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.05. The business had revenue of $227.28 million for the quarter, compared to analyst estimates of $229.24 million. Customers Bancorp had a net margin of 18.63% and a return on equity of 14.12%. Customers Bancorp’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 EPS. As a group, sell-side analysts expect that Customers Bancorp, Inc will post 8.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Customers Bancorp from $83.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Fundamental Research set a $94.00 price objective on shares of Customers Bancorp in a research note on Wednesday, July 1st. DA Davidson lifted their target price on shares of Customers Bancorp from $91.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Customers Bancorp in a research report on Monday, June 29th. Finally, Hovde Group increased their price target on Customers Bancorp from $80.00 to $86.00 and gave the company a “market perform” rating in a research note on Tuesday, April 28th. One investment 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. Based on data from MarketBeat, Customers Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $89.62.

Customers Bancorp Company 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.