Customers Bancorp, Inc. (NYSE:CUBI) Shares Sold by Algert Global LLC

Algert Global LLC reduced its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,127 shares of the bank's stock after selling 6,322 shares during the period. Algert Global LLC owned approximately 0.11% of Customers Bancorp worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CUBI. Picton Mahoney Asset Management lifted its position in shares of Customers Bancorp by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after buying an additional 189 shares in the last quarter. R Squared Ltd bought a new stake in Customers Bancorp during the 4th quarter worth approximately $42,000. KBC Group NV lifted its holdings 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 purchasing an additional 677 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Customers Bancorp by 323.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of Customers Bancorp by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock worth $151,000 after purchasing an additional 254 shares during the period. Institutional investors own 89.29% of the company's stock.

Customers Bancorp Price Performance

Shares of CUBI traded up $0.78 during mid-day trading on Thursday, hitting $54.60. 45,960 shares of the stock were exchanged, compared to its average volume of 364,267. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The company has a market cap of $1.72 billion, a PE ratio of 10.75 and a beta of 1.51. Customers Bancorp, Inc. has a 52-week low of $40.75 and a 52-week high of $68.49. The firm has a 50-day moving average of $48.92 and a two-hundred day moving average of $51.30.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, beating the consensus estimate of $1.28 by $0.26. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. The business had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. During the same quarter last year, the business earned $1.68 earnings per share. On average, equities analysts predict that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stephens restated an "equal weight" rating and set a $58.00 target price on shares of Customers Bancorp in a research note on Friday, January 24th. DA Davidson boosted their price objective on Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Maxim Group upped their price objective on Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods cut their target price on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Customers Bancorp has an average rating of "Moderate Buy" and a consensus target price of $63.80.

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.