Customers Bancorp, Inc. (NYSE:CUBI) Stock Holdings Decreased by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 55.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,796 shares of the bank's stock after selling 144,026 shares during the quarter. Great Lakes Advisors LLC owned about 0.37% of Customers Bancorp worth $5,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Basswood Capital Management L.L.C. acquired a new position in shares of Customers Bancorp in the third quarter valued at approximately $26,000. R Squared Ltd acquired a new position in Customers Bancorp in the 4th quarter valued at $42,000. 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. Quest Partners LLC lifted its stake in shares of Customers Bancorp by 143.4% during the 3rd 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 period. Finally, Smartleaf Asset Management LLC grew its position in shares of Customers Bancorp by 323.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after purchasing an additional 1,255 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jay S. Sidhu sold 67,000 shares of Customers Bancorp 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 sale, the chief executive officer now directly 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 this hyperlink. 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 completion of the transaction, the insider now owns 55,211 shares in the company, valued at approximately $3,216,040.75. This trade represents a 22.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,988 shares of company stock worth $6,627,318 over the last 90 days. Company insiders own 6.92% of the company's stock.

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Customers Bancorp Stock Up 0.4 %

NYSE CUBI traded up $0.21 during trading hours on Monday, hitting $51.00. The company had a trading volume of 295,934 shares, compared to its average volume of 302,753. The firm's 50 day moving average is $52.83 and its 200 day moving average is $50.84. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 10.04 and a beta of 1.74. Customers Bancorp, Inc. has a fifty-two week low of $42.31 and a fifty-two week high of $68.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CUBI. Maxim Group raised their price target on Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. 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. DA Davidson upped their price target 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. Keefe, Bruyette & Woods lifted their price target on shares of Customers Bancorp from $62.00 to $67.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Finally, StockNews.com raised shares of Customers Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, December 1st. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

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.