Customers Bancorp, Inc. (NYSE:CUBI) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council boosted its position in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,597 shares of the bank's stock after buying an additional 6,298 shares during the period. South Dakota Investment Council owned 0.66% of Customers Bancorp worth $10,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CUBI. CWM LLC grew its holdings in shares of Customers Bancorp by 14.2% during the third quarter. CWM LLC now owns 2,198 shares of the bank's stock worth $102,000 after buying an additional 274 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Customers Bancorp by 3.2% in the 4th quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock valued at $473,000 after purchasing an additional 302 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Customers Bancorp by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock valued at $272,000 after purchasing an additional 333 shares during the period. Basswood Capital Management L.L.C. acquired a new position in shares of Customers Bancorp in the third quarter valued at approximately $26,000. Finally, KBC Group NV raised its stake in shares of Customers Bancorp by 82.8% during the fourth 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. Hedge funds and other institutional investors own 89.29% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Maxim Group lifted 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. StockNews.com upgraded shares of Customers Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, December 1st. Piper Sandler cut their price target on shares of Customers Bancorp from $61.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Keefe, Bruyette & Woods lifted their price objective on Customers Bancorp from $62.00 to $67.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Finally, B. Riley boosted their target price on Customers Bancorp from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

Customers Bancorp Price Performance

Shares of NYSE:CUBI traded up $0.12 during trading on Wednesday, hitting $53.53. 208,096 shares of the stock were exchanged, compared to its average volume of 304,200. The company has a market cap of $1.68 billion, a PE ratio of 10.54 and a beta of 1.68. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average price of $52.15 and a two-hundred day moving average price of $50.60. Customers Bancorp, Inc. has a 12-month low of $42.31 and a 12-month high of $68.49.

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 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, analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Insider Activity at Customers Bancorp

In other news, CEO Jay S. Sidhu sold 33,173 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $57.25, for a total value of $1,899,154.25. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Glenn Hedde sold 15,815 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $58.25, for a total value of $921,223.75. Following the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 115,988 shares of company stock valued at $6,627,318. Insiders own 6.92% of the company's stock.

About Customers Bancorp

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.