Amundi Has $671,000 Position in Customers Bancorp, Inc. (NYSE:CUBI)

Amundi increased its position in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 171.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,246 shares of the bank's stock after buying an additional 9,003 shares during the period. Amundi's holdings in Customers Bancorp were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in Customers Bancorp by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock worth $473,000 after buying an additional 302 shares during the last quarter. SG Americas Securities LLC boosted its position in Customers Bancorp by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock worth $272,000 after purchasing an additional 333 shares during the period. Basswood Capital Management L.L.C. bought a new position in Customers Bancorp during the third quarter worth $26,000. KBC Group NV boosted its position in Customers Bancorp by 82.8% during the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after purchasing an additional 677 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in Customers Bancorp by 5.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 16,624 shares of the bank's stock worth $809,000 after purchasing an additional 794 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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Customers Bancorp Price Performance

CUBI traded up $0.36 on Friday, hitting $51.59. 704,218 shares of the stock were exchanged, compared to its average volume of 349,304. Customers Bancorp, Inc. has a 12 month low of $42.31 and a 12 month high of $68.49. The business has a 50-day moving average of $53.22 and a two-hundred day moving average of $50.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.16 and a beta of 1.74.

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 for the quarter, topping the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. Sell-side analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. DA Davidson lifted their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Maxim Group lifted their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Customers Bancorp from $62.00 to $67.00 and gave the stock a "market perform" rating in a research report on Monday, January 27th. StockNews.com raised shares of Customers Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, December 1st. Finally, Stephens reissued an "equal weight" rating and issued a $58.00 target price on shares of Customers Bancorp in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Customers Bancorp has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Insider Buying and Selling

In other Customers Bancorp news, CEO Jay S. Sidhu sold 67,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.82, for a total transaction of $3,806,940.00. Following the completion of the transaction, the chief executive officer now owns 965,723 shares of the company's stock, valued at approximately $54,872,380.86. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Glenn Hedde sold 15,815 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $58.25, for a total value of $921,223.75. Following the transaction, the insider now directly owns 55,211 shares of the company's stock, valued at approximately $3,216,040.75. The trade was a 22.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,988 shares of company stock valued at $6,627,318 over the last quarter. 6.92% of the stock is owned by company insiders.

Customers Bancorp Company Profile

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.