Fox Run Management L.L.C. Makes New Investment in Customers Bancorp, Inc. (NYSE:CUBI)

Fox Run Management L.L.C. acquired a new position in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,266 shares of the bank's stock, valued at approximately $548,000.

A number of other large investors also recently added to or reduced their stakes in the business. Basswood Capital Management L.L.C. bought a new stake in shares of Customers Bancorp during the third quarter worth approximately $26,000. Picton Mahoney Asset Management raised its position in shares of Customers Bancorp by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after acquiring an additional 189 shares during the last quarter. R Squared Ltd bought a new position in shares of Customers Bancorp in the 4th quarter worth $42,000. KBC Group NV boosted its position in shares of Customers Bancorp by 82.8% in the 4th 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 last quarter. Finally, Quest Partners LLC grew its stake 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 period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Glenn Hedde sold 15,815 shares of Customers Bancorp 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 completion of the transaction, the insider now directly owns 55,211 shares in the company, valued at approximately $3,216,040.75. The trade was a 22.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jay S. Sidhu sold 67,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.82, for a total value of $3,806,940.00. Following the transaction, the chief executive officer now directly owns 965,723 shares in the company, valued at $54,872,380.86. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,988 shares of company stock valued at $6,627,318. 6.92% of the stock is owned by insiders.

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Analyst Ratings Changes

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

Customers Bancorp Stock Down 3.3 %

CUBI traded down $1.69 during trading hours on Friday, hitting $50.17. 247,596 shares of the company's stock were exchanged, compared to its average volume of 366,272. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 9.88 and a beta of 1.74. Customers Bancorp, Inc. has a 1-year low of $42.31 and a 1-year high of $68.49. The stock's 50-day moving average is $53.59 and its two-hundred day moving average is $50.94. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share 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 predict 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.