Northern Trust Corp Has $18.58 Million Stock Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

Northern Trust Corp boosted its position in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 19.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 381,684 shares of the bank's stock after purchasing an additional 61,224 shares during the quarter. Northern Trust Corp owned about 1.22% of Customers Bancorp worth $18,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew 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 worth $28,000 after buying an additional 189 shares during the period. R Squared Ltd acquired a new position in shares of Customers Bancorp during the 4th quarter worth about $42,000. KBC Group NV grew its position in shares of Customers Bancorp by 82.8% during the 4th quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after buying an additional 677 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Customers Bancorp by 323.5% during 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. grew its position 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 worth $151,000 after buying an additional 254 shares during the period. 89.29% of the stock is owned by institutional investors.

Customers Bancorp Stock Up 0.1%

NYSE CUBI traded up $0.04 during trading on Friday, hitting $54.54. The stock had a trading volume of 220,276 shares, compared to its average volume of 364,914. The company has a market capitalization of $1.72 billion, a PE ratio of 10.74 and a beta of 1.51. The company's 50-day moving average price is $49.18 and its two-hundred day moving average price is $51.41. 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, Inc. has a 12 month low of $40.75 and a 12 month high of $68.49.

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, topping 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 for the quarter, compared to analysts' expectations of $165.24 million. During the same quarter in the prior year, the business posted $1.68 EPS. As a group, sell-side analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson boosted their target price on Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Maxim Group boosted their target price on Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. B. Riley boosted their price objective on Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday. 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. Finally, Keefe, Bruyette & Woods decreased their price objective 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Customers Bancorp has a consensus rating of "Moderate Buy" and an average target price 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.