First Wilshire Securities Management Inc Lowers stake in Customers Bancorp Inc (CUBI)

Customers Bancorp Inc (CUBI) : First Wilshire Securities Management Inc reduced its stake in Customers Bancorp Inc by 14.37% during the most recent quarter end. The investment management company now holds a total of 416,874 shares of Customers Bancorp Inc which is valued at $10,959,617 after selling 69,962 shares in Customers Bancorp Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Customers Bancorp Inc makes up approximately 3.24% of First Wilshire Securities Management Inc’s portfolio.

Other Hedge Funds, Including , Zacks Investment Management boosted its stake in CUBI in the latest quarter, The investment management firm added 909 additional shares and now holds a total of 58,271 shares of Customers Bancorp Inc which is valued at $1,531,945. Customers Bancorp Inc makes up approx 0.04% of Zacks Investment Management’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in CUBI by selling 20,600 shares or 27.51% in the most recent quarter. The Hedge Fund company now holds 54,274 shares of CUBI which is valued at $1,426,863. Customers Bancorp Inc makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio. Profund Advisors added CUBI to its portfolio by purchasing 8,294 company shares during the most recent quarter which is valued at $218,049. Customers Bancorp Inc makes up approx 0.01% of Profund Advisors’s portfolio.Emerald Advisers Incpa reduced its stake in CUBI by selling 113,934 shares or 15.62% in the most recent quarter. The Hedge Fund company now holds 615,638 shares of CUBI which is valued at $15,846,522. Customers Bancorp Inc makes up approx 0.72% of Emerald Advisers Incpa’s portfolio.

Customers Bancorp Inc closed down -0.18 points or -0.67% at $26.56 with 1,10,945 shares getting traded on Thursday. Post opening the session at $26.74, the shares hit an intraday low of $26.17 and an intraday high of $26.75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Customers Bancorp Inc reported $0.60 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $0.60.Analysts expectations of $ 60.74.During the same quarter in the previous year, the company posted $0.52 EPS.

Customers Bancorp Inc. (Customers Bancorp) is a bank holding company engaged in banking activities through its wholly owned subsidiary Customers Bank (the Bank). Customers Bancorp provides financial products and services to small businesses not-for-profits and consumers. Customers Bancorp serves residences and businesses in Southeastern Pennsylvania Rye New York Hamilton New Jersey Boston Massachusetts and Providence among others. It offers a range of traditional loan and deposit banking products and financial services. The 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. The Bank also offers traditional depository 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.

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