Customers Bancorp, Inc. (NYSE:CUBI) Shares Acquired by Sippican Capital Advisors

Sippican Capital Advisors boosted its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 34.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,769 shares of the bank's stock after purchasing an additional 9,190 shares during the period. Customers Bancorp comprises 1.3% of Sippican Capital Advisors' investment portfolio, making the stock its 28th biggest position. Sippican Capital Advisors owned approximately 0.11% of Customers Bancorp worth $1,741,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CUBI. Basswood Capital Management L.L.C. acquired a new stake in shares of Customers Bancorp during the 3rd quarter worth about $26,000. R Squared Ltd purchased a new stake in Customers Bancorp in the 4th quarter worth approximately $42,000. GAMMA Investing LLC raised its holdings in Customers Bancorp by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,580 shares of the bank's stock valued at $73,000 after acquiring an additional 282 shares during the last quarter. KBC Group NV raised its holdings in Customers Bancorp by 82.8% in the 4th quarter. KBC Group NV now owns 1,495 shares of the bank's stock valued at $73,000 after acquiring an additional 677 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Customers Bancorp by 143.4% during the third quarter. Quest Partners LLC now owns 1,633 shares of the bank's stock worth $76,000 after purchasing an additional 962 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Customers Bancorp Stock Down 1.6 %

Shares of NYSE CUBI traded down $0.90 during midday trading on Monday, reaching $56.08. 107,840 shares of the company's stock were exchanged, compared to its average volume of 360,714. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. Customers Bancorp, Inc. has a 52-week low of $42.31 and a 52-week high of $68.49. The business's fifty day moving average price is $51.68 and its two-hundred day moving average price is $50.94. The stock has a market capitalization of $1.76 billion, a PE ratio of 11.05 and a beta of 1.68.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.15. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. Analysts forecast that Customers Bancorp, Inc. will post 6.33 EPS for the current year.

Insider Activity at Customers Bancorp

In related news, Director Robert Neil Mackay sold 4,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $53.78, for a total transaction of $215,120.00. Following the transaction, the director now directly owns 4,567 shares in the company, valued at $245,613.26. This trade represents a 46.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Glenn Hedde sold 5,002 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $53.68, for a total transaction of $268,507.36. Following the sale, the insider now owns 66,256 shares of the company's stock, valued at approximately $3,556,622.08. The trade was a 7.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 112,255 shares of company stock valued at $6,347,039 over the last ninety days. Corporate insiders own 6.92% of the company's stock.

Wall Street Analyst Weigh In

CUBI has been the subject of several recent analyst reports. B. Riley lifted their price target on Customers Bancorp from $78.00 to $80.00 and gave the company a "buy" rating in a report on Monday, November 4th. Piper Sandler lowered their price objective on shares of Customers Bancorp from $61.00 to $55.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. StockNews.com upgraded Customers Bancorp from a "sell" rating to a "hold" rating in a report on Sunday, December 1st. DA Davidson lifted their price objective on Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Stephens restated an "equal weight" rating and issued a $58.00 price target on shares of Customers Bancorp in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Customers Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

About Customers Bancorp

Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts.