Short Interest Change: Customers Bancorp Incorporated (NYSE:CUBI) Shorted Shares Increased By 6.38%

November 30, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Change: Customers Bancorp Incorporated (NYSE:CUBI) Shorted Shares Increased By 6.38%

The stock of Customers Bancorp Incorporated (NYSE:CUBI) registered an increase of 6.38% in short interest. CUBI’s total short interest was 1.48 million shares in November as published by FINRA. Its up 6.38% from 1.39 million shares, reported previously. With 223,800 shares average volume, it will take short sellers 7 days to cover their CUBI’s short positions. The short interest to Customers Bancorp Incorporated’s float is 5.88%. About 55,755 shares traded hands. Customers Bancorp Inc (NYSE:CUBI) has risen 17.45% since April 27, 2016 and is uptrending. It has outperformed by 12.22% the S&P500.

Customers Bancorp, Inc. is a bank holding firm engaged in banking activities through its subsidiary, Customers Bank (the Bank). The company has a market cap of $909.19 million. The Firm operates in the community banking segment. It has a 12.81 P/E ratio. The Bank provides financial services and products to small and middle market businesses, not-for-profits, and consumers.

Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.24, from 1.09 in 2016Q1. The ratio improved, as 13 funds sold all Customers Bancorp Inc shares owned while 52 reduced positions. 27 funds bought stakes while 44 increased positions. They now own 22.19 million shares or 5.57% more from 21.02 million shares in 2016Q1.
Boston Advisors owns 259,690 shares or 0.16% of their US portfolio. The Wisconsin-based Convergence Invest Partners Llc has invested 0.27% in Customers Bancorp Inc (NYSE:CUBI). Ny State Common Retirement Fund accumulated 26,500 shares or 0% of the stock. Invesco, a Georgia-based fund reported 53,029 shares. Swiss Bank holds 0% of its portfolio in Customers Bancorp Inc (NYSE:CUBI) for 41,700 shares. Tower Research Cap Limited Liability Corp (Trc) holds 0% of its portfolio in Customers Bancorp Inc (NYSE:CUBI) for 1,628 shares. Aristotle Cap Boston Ltd Liability Co holds 2% of its portfolio in Customers Bancorp Inc (NYSE:CUBI) for 354,173 shares. Metropolitan Life Insur holds 0% of its portfolio in Customers Bancorp Inc (NYSE:CUBI) for 17,956 shares. The New York-based Alliancebernstein L P has invested 0.02% in Customers Bancorp Inc (NYSE:CUBI). Royal Bank & Trust Of Canada holds 358 shares or 0% of its portfolio. Wells Fargo & Communication Mn has 0% invested in the company for 340,206 shares. The Pennsylvania-based Emerald Advisers Pa has invested 0.75% in Customers Bancorp Inc (NYSE:CUBI). Sei accumulated 330 shares or 0% of the stock. Blackrock Inc last reported 5,040 shares in the company. Lpl owns 12,902 shares or 0% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 1 sale for $449,901 net activity. $449,901 worth of Customers Bancorp Inc (NYSE:CUBI) was sold by Hedde Glenn. Ehst Richard A sold $254,790 worth of Customers Bancorp Inc (NYSE:CUBI) on Tuesday, May 31.

Customers Bancorp Inc (NYSE:CUBI) Ratings Coverage

Out of 3 analysts covering Customers Bancorp (NYSE:CUBI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Customers Bancorp has been the topic of 3 analyst reports since October 30, 2015 according to StockzIntelligence Inc. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $29 target price in Tuesday, September 20 report. The stock of Customers Bancorp Inc (NYSE:CUBI) has “Outperform” rating given on Friday, October 30 by FBR Capital. The rating was maintained by Maxim Group on Friday, October 30 with “Buy”.

CUBI Company Profile

Customers Bancorp, Inc. (Customers Bancorp), incorporated on April 7, 2010, is a bank holding firm engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Firm operates in the community banking segment. The Bank provides financial services and products to small and middle market businesses, not-for-profits, and clients 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). The Bank also provides liquidity to the mortgage market nationwide through the operation of its loans to mortgage banking companies. The Bank offers a range of traditional loan and deposit banking products, and financial services. Customers Bank offers a range of lending products, including small business loans, mortgage warehouse loans, multi-family and commercial real estate loans, residential mortgage loans and other consumer loans. Customers Bank also offers traditional deposit products, including commercial and consumer checking accounts, non-interest-bearing demand accounts, money market deposit accounts, savings accounts and time deposit accounts, and cash management services.

More news for Customers Bancorp Inc (NYSE:CUBI) were recently published by: Globenewswire.com, which released: “Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C …” on November 17, 2016. Readingeagle.com‘s article titled: “Customers Bancorp reports record earnings in third quarter” and published on October 27, 2016 is yet another important article.

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By Hazel Jackson


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