Customers Bancorp (NYSE:CUBI).
Eagle Boston Investment Management Inc reports that it lowered its stake in Customers Bancorp stock by 42 shares in the last quarter. Its investment was worth $12,015,000 an increase of $1,721,000 according to the filing.
Several firms have shifted positions in (CUBI). Oppenheimerfunds, Inc. trimmed its position by selling 16,980 shares a decrease of 3.7%. Oppenheimerfunds, Inc. controls 440,318 shares worth $14,363,000. The value of the position overall is up by 11.1%. As of quarter end Alliancebernstein L.P. had bought 64,270 shares growing its position 5.9%. The value of the investment in (CUBI) went from $30,785,000 to $37,606,000 increasing 22.2% quarter over quarter.
As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 159,979 shares growing its stake by 8.1%. The value of the company’s investment in Customers Bancorp increased from $55,924,000 to $69,723,000 a change of 24.7% for the reporting period.
On October 27, 2017 Boenning Scattergood kept a “Hold” rating on the company. On October 26 Maxim Group kept the company rating at “Buy” targeting a price of $50.00.
October 20 investment analysts at Maxim Group kept the stock rating at “Buy” with a current price target of $50.00.
The company is so far trading up since yesterday’s close of 26.44. Customers Bancorp’s P/E ratio is 12.95 and market cap is 817.90M. As of the last earnings report the EPS was $2.05 with 30.79M shares now outstanding.
Traders are feeling more bullish on shares of the company of late if you put credence in the change in short interest. The company experienced a fall in short interest of -39.43% as of October 31, 2017 from the last reporting period. Short shares fell 643,310 over that period. The days to cover decreased to 3.0 and the short interest percentage is 0.03% as of October 31.