Sei Investments Co. Has $5.05 Million Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Sei Investments Co. reduced its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 30.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,639 shares of the bank's stock after selling 46,185 shares during the quarter. Sei Investments Co. owned about 0.33% of Customers Bancorp worth $5,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Picton Mahoney Asset Management grew its holdings in Customers Bancorp by 47.7% during 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 period. R Squared Ltd bought a new position in shares of Customers Bancorp during the fourth quarter worth $42,000. KBC Group NV grew its holdings 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 valued at $73,000 after buying an additional 677 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Customers Bancorp by 323.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after buying an additional 1,255 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Customers Bancorp in the 3rd quarter valued at $84,000. 89.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jay S. Sidhu sold 67,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.82, for a total value 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. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Glenn Hedde sold 15,815 shares of Customers Bancorp 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 transaction, the insider now owns 55,211 shares of the company's stock, valued at $3,216,040.75. The trade was 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 90 days. 6.92% of the stock is currently owned by insiders.

Customers Bancorp Stock Down 5.1 %

CUBI traded down $2.35 during trading hours on Friday, hitting $43.25. 620,084 shares of the company's stock were exchanged, compared to its average volume of 370,235. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 8.51 and a beta of 1.47. Customers Bancorp, Inc. has a 1-year low of $40.75 and a 1-year high of $68.49. The stock's 50-day moving average is $53.25 and its two-hundred day moving average is $50.97. 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 posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. Sell-side analysts predict that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CUBI. 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. Stephens reissued an "equal weight" rating and set a $58.00 target price on shares of Customers Bancorp in a research note on Friday, January 24th. Maxim Group raised their target price on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped 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. Six investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $64.00.

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.