WINTON GROUP Ltd Raises Stock Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

WINTON GROUP Ltd boosted its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,807 shares of the bank’s stock after purchasing an additional 1,789 shares during the quarter. WINTON GROUP Ltd’s holdings in Customers Bancorp were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Basswood Capital Management L.L.C. bought a new stake in shares of Customers Bancorp in the 3rd quarter valued at about $26,000. Picton Mahoney Asset Management increased its stake in Customers Bancorp by 47.7% in the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank’s stock worth $28,000 after purchasing an additional 189 shares during the period. R Squared Ltd bought a new stake in Customers Bancorp in the fourth quarter valued at approximately $42,000. KBC Group NV boosted 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 valued at $73,000 after purchasing an additional 677 shares during the period. Finally, Quest Partners LLC grew its holdings in shares of Customers Bancorp by 143.4% in the third quarter. Quest Partners LLC now owns 1,633 shares of the bank’s stock worth $76,000 after purchasing an additional 962 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Customers Bancorp Trading Down 3.3 %

CUBI stock opened at $50.17 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. Customers Bancorp, Inc. has a 1-year low of $42.31 and a 1-year high of $68.49. The business has a 50 day simple moving average of $53.59 and a two-hundred day simple moving average of $50.94. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.88 and a beta of 1.74.

Customers Bancorp (NYSE:CUBI) last issued its earnings results on Thursday, January 23rd. The bank reported $1.36 earnings per share (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%. Research analysts anticipate that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Glenn Hedde sold 15,815 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 55,211 shares in the company, valued at approximately $3,216,040.75. This represents a 22.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jay S. Sidhu sold 67,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 $54,872,380.86. This represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,988 shares of company stock worth $6,627,318. Corporate insiders own 6.92% of the company’s stock.

Wall Street Analyst Weigh In

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