Do Hedge Funds Love Customers Bancorp Inc (CUBI)?

Due to the fact that Customers Bancorp Inc (NASDAQ:CUBI) has gone through a decline in interest from the aggregate hedge fund industry, logic holds that there were a few hedge funds who were dropping their positions entirely heading into Q4. Intriguingly, John Thiessen’s Vertex One Asset Management sold off the largest stake of all the investors studied by Insider Monkey, valued at an estimated $2.9 million in stock, and Jim Simons’s Renaissance Technologies was right behind this move, as the fund dumped about $2 million worth of shares.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Customers Bancorp Inc (NASDAQ:CUBI) but similarly valued. We will take a look at PROS Holdings, Inc. (NYSE:PRO), Washington Trust Bancorp (NASDAQ:WASH), Inovio Pharmaceuticals Inc (NYSEAMEX:INO), and Wstrn Ast Clymr Infltn Lkd Opts & Inc Fd (NYSE:WIW). This group of stocks’ market values are closest to CUBI’s market value.

As you can see these stocks had an average of 4.75 hedge funds with bullish positions and the average amount invested in these stocks was $26 million. That figure was $16 million in CUBI’s case. PROS Holdings, Inc. (NYSE:PRO) is the most popular stock in this table. On the other hand Wstrn Ast Clymr Infltn Lkd Opts & Inc Fd (NYSE:WIW) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Customers Bancorp Inc (NASDAQ:CUBI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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Disclosure: None