Aristotle Capital Boston LLC Decreases Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Aristotle Capital Boston LLC decreased its holdings in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,846 shares of the bank's stock after selling 42,657 shares during the quarter. Aristotle Capital Boston LLC owned about 1.19% of Customers Bancorp worth $18,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its stake in 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 Customers Bancorp in the fourth quarter worth $42,000. KBC Group NV grew its stake in Customers Bancorp by 82.8% in 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 period. Smartleaf Asset Management LLC grew its position in shares of Customers Bancorp by 323.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock worth $80,000 after buying an additional 1,255 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in Customers Bancorp by 8.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after acquiring an additional 254 shares during the period. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other Customers Bancorp news, CEO Jay S. Sidhu sold 67,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were 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. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.92% of the company's stock.

Customers Bancorp Stock Performance

NYSE CUBI traded down $0.70 on Monday, hitting $50.82. 203,010 shares of the company traded hands, compared to its average volume of 365,960. The business's 50 day moving average price is $48.83 and its 200-day moving average price is $51.03. Customers Bancorp, Inc. has a 52-week low of $40.75 and a 52-week high of $68.49. 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 market capitalization of $1.60 billion, a price-to-earnings ratio of 10.00 and a beta of 1.51.

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

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.