Customers Bancorp, Inc. (NYSE:CUBI) Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,800 shares of the bank's stock after selling 70,200 shares during the quarter. LSV Asset Management owned 0.73% of Customers Bancorp worth $11,089,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management boosted its holdings in Customers Bancorp by 47.7% in the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after purchasing an additional 189 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Customers Bancorp in the 4th quarter valued at approximately $42,000. KBC Group NV boosted its stake in shares of Customers Bancorp by 82.8% in the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock valued at $73,000 after buying an additional 677 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Customers Bancorp by 323.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock worth $80,000 after acquiring an additional 1,255 shares during the period. Finally, SG Americas Securities LLC raised its position in Customers Bancorp by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock worth $272,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling at Customers Bancorp

In other Customers Bancorp news, CEO Jay S. Sidhu sold 67,000 shares of the company'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 sale, the chief executive officer now directly owns 965,723 shares in the company, valued at $54,872,380.86. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Glenn Hedde sold 15,815 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following the sale, the insider now directly owns 55,211 shares of the company's stock, 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. In the last three months, insiders sold 115,988 shares of company stock worth $6,627,318. Insiders own 6.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Maxim Group boosted their target price 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. Stephens reissued an "equal weight" rating and set a $58.00 price objective on shares of Customers Bancorp in a report on Friday, January 24th. DA Davidson increased their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted their price target on Customers Bancorp from $62.00 to $67.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Six investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Customers Bancorp Price Performance

Shares of Customers Bancorp stock traded up $0.29 during trading on Friday, hitting $45.39. 182,654 shares of the company were exchanged, compared to its average volume of 373,331. Customers Bancorp, Inc. has a fifty-two week low of $40.75 and a fifty-two week high of $68.49. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $50.44 and a 200 day moving average price of $50.74. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 8.94 and a beta of 1.47.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.15. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. On average, equities analysts expect that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Customers Bancorp 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.