Tieton bets $20.3M on Customers Bancorp, its second-largest holding
What's the deal? Tieton Capital Management LLC bought a new position of 256,178 shares in Customers BancorpDealroom has a profile for this one. Try Dealroom → during the second quarter of 2026, valued at roughly $20,264,000, according to its Form 13F filing with the Securities and Exchange Commission. The stake now makes up 5.8% of Tieton's holdings, its second-biggest position, and represents about 0.76% of the bank.
What does CustomersDealroom has a profile for this one. Try Dealroom → Bancorp do? The Phoenixville, Pennsylvania-based bank holding company is the parent of Customers BankDealroom has a profile for this one. Try Dealroom →, a federally chartered institution. It offers commercial and consumer banking to mid-market companies, small businesses, professionals, and individuals across the US.
The numbers: Customers Bancorp shares opened at $78.66 on August 20, near the top of a 12-month range of $59.34 to $84.38. The stock carries a market cap of $2.66 billion, a price-to-earnings ratio of 9.59, and a beta of 1.49.
How is the business performing? In its July 23 earnings, the bank posted $2.05 earnings per share, beating the $2.00 consensus by $0.05. Revenue of $227.28 million came in just under the $229.24 million estimate but rose 10.2% year on year.
Who else is buying? Institutional investors own 89.29% of the stock. Other buyers disclosed in the filing include Arax Advisory Partners, which lifted its stake by 218.9%, and Transamerica Financial Advisors LLCDealroom has a profile for this one. Try Dealroom →, up 216.0%, though most of these positions remain small.
What about insiders? Chairman Jay S. Sidhu sold 68,821 shares on August 3 at an average of $80.09, a $5.5 million transaction that trimmed his position by 9.34%. Insiders sold 160,315 shares worth $12,578,896 between May and August 2026 and still own 10.45% of the company.
The signal: Tieton's outsized bet lands as institutions hold nearly 90% of Customers Bancorp, a sign of steady confidence in the regional bank. But heavy insider selling in the May-August 2026 period points to more mixed conviction at the top.
Read more: The Lincolnian Online
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