Customers Bancorp, Inc. (NYSE:CUBI) is Gator Capital Management LLC's 10th Largest Position

Gator Capital Management LLC boosted its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 135.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 178,801 shares of the bank's stock after purchasing an additional 102,701 shares during the period. Customers Bancorp comprises 3.3% of Gator Capital Management LLC's investment portfolio, making the stock its 10th biggest position. Gator Capital Management LLC owned approximately 0.57% of Customers Bancorp worth $8,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Customers Bancorp in the fourth quarter valued at about $1,277,000. BNP Paribas Financial Markets lifted its stake in Customers Bancorp by 117.9% in the third quarter. BNP Paribas Financial Markets now owns 40,425 shares of the bank's stock valued at $1,878,000 after purchasing an additional 21,871 shares during the last quarter. Barclays PLC grew its holdings in Customers Bancorp by 46.9% during the third quarter. Barclays PLC now owns 89,879 shares of the bank's stock valued at $4,175,000 after purchasing an additional 28,683 shares during the period. Sanctuary Advisors LLC increased its position in Customers Bancorp by 12.8% in the third quarter. Sanctuary Advisors LLC now owns 9,412 shares of the bank's stock worth $437,000 after buying an additional 1,066 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Customers Bancorp in the third quarter valued at $574,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Buying and Selling

In other Customers Bancorp news, CEO Jay S. Sidhu sold 33,173 shares of Customers Bancorp stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $57.25, for a total transaction of $1,899,154.25. Following the completion of the sale, the chief executive officer now owns 1,032,723 shares of the company's stock, valued at $59,123,391.75. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Glenn Hedde sold 15,815 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $58.25, for a total value of $921,223.75. Following the transaction, the insider now owns 55,211 shares in the company, valued at $3,216,040.75. This trade represents a 22.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,988 shares of company stock worth $6,627,318. Insiders own 6.92% of the company's stock.

Customers Bancorp Price Performance

NYSE:CUBI traded down $0.57 during trading hours on Friday, hitting $43.32. The stock had a trading volume of 144,641 shares, compared to its average volume of 371,913. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 8.54 and a beta of 1.47. Customers Bancorp, Inc. has a one year low of $40.75 and a one year high of $68.49. The company has a 50 day simple moving average of $51.72 and a two-hundred day simple moving average of $50.79. 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 posted its earnings results on Thursday, January 23rd. The bank reported $1.36 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%. Research analysts forecast that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CUBI has been the subject of several recent research reports. Maxim Group lifted their price objective on Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 27th. DA Davidson lifted their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Stephens restated an "equal weight" rating and set a $58.00 price target on shares of Customers Bancorp in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Customers Bancorp from $62.00 to $67.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.