Aristotle Capital Boston LLC Sells 42,657 Shares of Customers Bancorp, Inc. (NYSE:CUBI)

Aristotle Capital Boston LLC lessened its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 372,846 shares of the bank's stock after selling 42,657 shares during the period. Aristotle Capital Boston LLC owned about 1.19% of Customers Bancorp worth $18,150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CUBI. Picton Mahoney Asset Management raised its position 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 buying an additional 189 shares during the last quarter. R Squared Ltd bought a new position in Customers Bancorp during the fourth quarter valued at approximately $42,000. KBC Group NV grew its position in Customers Bancorp by 82.8% in the 4th 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 raised its stake in Customers Bancorp by 323.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after buying an additional 1,255 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of 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 buying an additional 254 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stephens reiterated an "equal weight" rating and set a $58.00 price objective on shares of Customers Bancorp in a research report on Friday, January 24th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Maxim Group raised their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, DA Davidson upped their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the company 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Customers Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $63.80.

Customers Bancorp Price Performance

Shares of NYSE CUBI traded up $1.86 during mid-day trading on Thursday, reaching $52.06. The company's stock had a trading volume of 66,142 shares, compared to its average volume of 364,532. 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 52 week low of $40.75 and a 52 week high of $68.49. The stock has a fifty day moving average of $48.70 and a two-hundred day moving average of $51.02. The firm has a market capitalization of $1.64 billion, a PE ratio of 10.25 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 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 period last year, the firm posted $1.68 EPS. As a group, sell-side analysts anticipate that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

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.