Customers Bancorp, Inc. (NYSE:CUBI) Stock Holdings Lifted by Swiss National Bank

Swiss National Bank raised its position in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,200 shares of the bank’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned 0.19% of Customers Bancorp worth $2,882,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in Customers Bancorp by 10.5% during the third quarter. State Street Corp now owns 1,781,976 shares of the bank’s stock valued at $82,773,000 after acquiring an additional 169,982 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Customers Bancorp by 46.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,368 shares of the bank’s stock valued at $13,621,000 after purchasing an additional 90,451 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Customers Bancorp in the 4th quarter valued at $2,543,000. Walleye Capital LLC boosted its holdings in Customers Bancorp by 536.3% in the third quarter. Walleye Capital LLC now owns 38,450 shares of the bank’s stock worth $1,786,000 after purchasing an additional 32,407 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in Customers Bancorp by 94.2% during the third quarter. Quantbot Technologies LP now owns 63,036 shares of the bank’s stock worth $2,928,000 after buying an additional 30,573 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Customers Bancorp Stock Down 0.5 %

NYSE CUBI opened at $52.14 on Thursday. Customers Bancorp, Inc. has a twelve month low of $42.31 and a twelve month high of $68.49. The stock has a market cap of $1.64 billion, a PE ratio of 10.26 and a beta of 1.74. The firm has a 50-day simple moving average of $53.53 and a 200 day simple moving average of $50.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96.

Customers Bancorp (NYSE:CUBI) last announced 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 return on equity of 12.29% and a net margin of 13.07%. On average, research analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Customers Bancorp from $62.00 to $67.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Maxim Group increased their price target on Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 27th. DA Davidson boosted their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. StockNews.com raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Stephens reiterated an “equal weight” rating and issued a $58.00 target price on shares of Customers Bancorp in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Customers Bancorp presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Insiders Place Their Bets

In other news, CEO Jay S. Sidhu sold 33,173 shares of Customers Bancorp 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 directly owns 1,032,723 shares in the company, valued at approximately $59,123,391.75. The trade was a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glenn Hedde sold 15,815 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $58.25, for a total transaction of $921,223.75. Following the completion of 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. Insiders have sold 115,988 shares of company stock worth $6,627,318 over the last 90 days. Corporate insiders own 6.92% of the company’s stock.

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.