Dimensional Fund Advisors LP Has $104.02 Million Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Dimensional Fund Advisors LP lowered its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,136,723 shares of the bank's stock after selling 46,005 shares during the quarter. Dimensional Fund Advisors LP owned about 6.82% of Customers Bancorp worth $104,016,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Customers Bancorp in the fourth quarter worth $1,277,000. Barclays PLC lifted its position in Customers Bancorp by 46.9% during the 3rd quarter. Barclays PLC now owns 89,879 shares of the bank's stock worth $4,175,000 after acquiring an additional 28,683 shares during the last quarter. Swiss National Bank boosted its holdings in Customers Bancorp by 1.0% during the fourth quarter. Swiss National Bank now owns 59,200 shares of the bank's stock valued at $2,882,000 after acquiring an additional 600 shares during the period. Amundi grew its position in shares of Customers Bancorp by 171.7% in the fourth quarter. Amundi now owns 14,246 shares of the bank's stock valued at $671,000 after purchasing an additional 9,003 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Customers Bancorp by 323.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock worth $80,000 after purchasing an additional 1,255 shares during the period. Institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

CUBI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a report on Monday. Stephens reissued an "equal weight" rating and issued a $58.00 price target on shares of Customers Bancorp in a report on Friday, January 24th. Maxim Group raised their price target on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, DA Davidson upped their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Six equities research 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.80.

Insider Activity at Customers Bancorp

In other Customers Bancorp news, CEO Jay S. Sidhu sold 67,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 965,723 shares in the company, valued at approximately $54,872,380.86. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.92% of the stock is currently owned by company insiders.

Customers Bancorp Price Performance

Customers Bancorp stock traded up $0.23 during trading hours on Thursday, hitting $50.23. 102,027 shares of the stock were exchanged, compared to its average volume of 367,189. The stock has a market capitalization of $1.58 billion, a P/E ratio of 9.91 and a beta of 1.47. The business's 50-day moving average is $48.99 and its two-hundred day moving average is $50.92. 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 released its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 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 business had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. During the same period in the prior year, the company earned $1.68 EPS. Equities research analysts expect that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

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.