Tieton Capital Management LLC Has $14.14 Million Position in Customers Bancorp, Inc. (NYSE:CUBI)

Tieton Capital Management LLC boosted its position in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,373 shares of the bank's stock after acquiring an additional 54,170 shares during the period. Customers Bancorp accounts for about 5.7% of Tieton Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Tieton Capital Management LLC owned about 0.93% of Customers Bancorp worth $14,135,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CUBI. Basswood Capital Management L.L.C. purchased a new stake in Customers Bancorp in the 3rd quarter worth $26,000. Picton Mahoney Asset Management lifted its position in shares of Customers Bancorp by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock worth $28,000 after buying an additional 189 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Customers Bancorp in the fourth quarter worth about $42,000. KBC Group NV boosted its stake in Customers Bancorp by 82.8% during the fourth 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 last quarter. Finally, Quest Partners LLC grew its holdings in Customers Bancorp by 143.4% during the 3rd quarter. Quest Partners LLC now owns 1,633 shares of the bank's stock valued at $76,000 after buying an additional 962 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

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Insider Activity

In other Customers Bancorp news, CEO Jay S. Sidhu sold 67,000 shares of Customers Bancorp stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.82, for a total transaction of $3,806,940.00. Following the completion of the sale, the chief executive officer now directly owns 965,723 shares of the company's stock, valued at $54,872,380.86. The trade was a 6.49 % decrease in their position. 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 on 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 directly owns 55,211 shares in the company, 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. Over the last ninety days, insiders sold 115,988 shares of company stock valued at $6,627,318. 6.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Customers Bancorp Trading Down 3.3 %

Shares of CUBI stock traded down $1.69 during trading hours on Friday, reaching $50.17. 247,596 shares of the stock were exchanged, compared to its average volume of 366,272. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.88 and a beta of 1.74. Customers Bancorp, Inc. has a 12-month low of $42.31 and a 12-month high of $68.49. The company's 50-day moving average price is $53.59 and its 200-day moving average price is $50.94. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

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.