Eagle Boston Investment Management Inc buys $10,500,642 stake in Customers Bancorp Inc (CUBI)

Customers Bancorp Inc (CUBI) : Eagle Boston Investment Management Inc scooped up 3,274 additional shares in Customers Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 418,519 shares of Customers Bancorp Inc which is valued at $10,500,642.Customers Bancorp Inc makes up approximately 1.37% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in CUBI by selling 190 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 8,000 shares of CUBI which is valued at $200,720. Customers Bancorp Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. First Mercantile Trust Co sold out all of its stake in CUBI during the most recent quarter. The investment firm sold 3,550 shares of CUBI which is valued $88,644.Bnp Paribas Arbitrage Sa reduced its stake in CUBI by selling 4,342 shares or 55.55% in the most recent quarter. The Hedge Fund company now holds 3,475 shares of CUBI which is valued at $87,084.

Customers Bancorp Inc closed down -0.32 points or -1.26% at $25.09 with 1,06,554 shares getting traded on Tuesday. Post opening the session at $25.34, the shares hit an intraday low of $24.94 and an intraday high of $25.43 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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