Hussman Strategic Advisors Inc. Has $3.02 Million Stock Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

Hussman Strategic Advisors Inc. increased its holdings in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 63,000 shares of the bank's stock after purchasing an additional 21,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.20% of Customers Bancorp worth $3,023,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Access Investment Management LLC acquired a new position in shares of Customers Bancorp in the 4th quarter worth approximately $16,194,000. Wedge Capital Management L L P NC bought a new stake in Customers Bancorp during the 2nd quarter worth approximately $2,508,000. Hillsdale Investment Management Inc. bought a new stake in Customers Bancorp during the 1st quarter worth approximately $4,266,000. SG Americas Securities LLC grew its position in Customers Bancorp by 208.5% during the 1st quarter. SG Americas Securities LLC now owns 21,632 shares of the bank's stock worth $1,148,000 after acquiring an additional 14,621 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Customers Bancorp during the 1st quarter worth approximately $1,333,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush increased their price target on Customers Bancorp from $56.00 to $79.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. B. Riley lifted their target price on Customers Bancorp from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Hovde Group cut Customers Bancorp from an "outperform" rating to a "market perform" rating and set a $49.00 target price for the company. in a research note on Friday, August 9th. Jefferies Financial Group lowered their target price on Customers Bancorp from $59.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, July 3rd. Finally, DA Davidson lifted their target price on Customers Bancorp from $71.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.50.

View Our Latest Stock Report on CUBI

Insiders Place Their Bets

In other Customers Bancorp news, CEO Samvir S. Sidhu bought 2,500 shares of Customers Bancorp stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $45.53 per share, for a total transaction of $113,825.00. Following the completion of the acquisition, the chief executive officer now owns 144,504 shares in the company, valued at approximately $6,579,267.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.92% of the company's stock.

Customers Bancorp Trading Up 0.4 %

Shares of Customers Bancorp stock traded up $0.20 during trading on Friday, reaching $51.82. 321,613 shares of the company were exchanged, compared to its average volume of 536,227. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.75. Customers Bancorp, Inc. has a twelve month low of $31.16 and a twelve month high of $68.49. The business has a 50-day moving average price of $53.19 and a 200-day moving average price of $50.56. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 7.24 and a beta of 1.65.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its earnings results on Thursday, July 25th. The bank reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.06. The firm had revenue of $198.69 million for the quarter, compared to analyst estimates of $184.40 million. Customers Bancorp had a return on equity of 17.09% and a net margin of 17.38%. The company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. Sell-side analysts anticipate that Customers Bancorp, Inc. will post 6.34 EPS for the current fiscal year.

Customers Bancorp Profile

Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts.

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