Customers Bancorp, Inc. (NYSE:CUBI) Stake Lessened by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,713 shares of the bank's stock after selling 11,323 shares during the quarter. Quantbot Technologies LP owned about 0.16% of Customers Bancorp worth $2,517,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Basswood Capital Management L.L.C. purchased a new position in Customers Bancorp in the 3rd quarter valued at approximately $26,000. Picton Mahoney Asset Management grew its holdings in Customers Bancorp by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after purchasing an additional 189 shares during the last quarter. R Squared Ltd purchased a new position in shares of Customers Bancorp in the fourth quarter valued at $42,000. KBC Group NV raised its stake in shares of Customers Bancorp by 82.8% during the 4th quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after buying an additional 677 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Customers Bancorp by 143.4% in the 3rd quarter. Quest Partners LLC now owns 1,633 shares of the bank's stock worth $76,000 after buying an additional 962 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Customers Bancorp Trading Down 0.4 %

Shares of NYSE CUBI traded down $0.21 during trading on Thursday, hitting $51.88. 151,233 shares of the company traded hands, compared to its average volume of 348,077. The firm has a market capitalization of $1.63 billion, a P/E ratio of 10.21 and a beta of 1.74. 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 company has a 50-day moving average price of $53.53 and a 200-day moving average price of $50.92. Customers Bancorp, Inc. has a 1 year low of $42.31 and a 1 year high of $68.49.

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Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly 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%. On average, equities analysts predict that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Jay S. Sidhu sold 33,173 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $57.25, for a total transaction of $1,899,154.25. Following the sale, the chief executive officer now owns 1,032,723 shares in the company, valued at $59,123,391.75. This represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glenn Hedde sold 15,815 shares of the company's stock in a transaction dated 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 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. Insiders have sold 115,988 shares of company stock valued at $6,627,318 in the last quarter. Company insiders own 6.92% of the company's stock.

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.