Customers Bancorp, Inc. (NYSE:CUBI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 30.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,036 shares of the bank's stock after selling 129,730 shares during the period. Assenagon Asset Management S.A. owned approximately 0.92% of Customers Bancorp worth $14,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CUBI. SG Americas Securities LLC boosted its position in shares of Customers Bancorp by 1,866.5% during the 1st quarter. SG Americas Securities LLC now owns 109,713 shares of the bank's stock worth $5,508,000 after purchasing an additional 104,134 shares during the period. GAMMA Investing LLC boosted its position in shares of Customers Bancorp by 27.2% during the first quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock worth $95,000 after buying an additional 403 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Customers Bancorp by 29.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,798 shares of the bank's stock worth $3,690,000 after buying an additional 17,182 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Customers Bancorp by 82.4% in the fourth quarter. Voloridge Investment Management LLC now owns 128,207 shares of the bank's stock valued at $6,241,000 after buying an additional 57,903 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Customers Bancorp by 15.0% in the 4th quarter. Squarepoint Ops LLC now owns 154,474 shares of the bank's stock valued at $7,520,000 after buying an additional 20,122 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CUBI. Keefe, Bruyette & Woods reduced their target price on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. B. Riley increased their price objective on Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised Customers Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Six research 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Customers Bancorp Trading Up 1.2%

Shares of CUBI traded up $0.61 during mid-day trading on Monday, reaching $50.96. The company had a trading volume of 60,567 shares, compared to its average volume of 354,452. Customers Bancorp, Inc. has a fifty-two week low of $40.75 and a fifty-two week high of $68.49. The firm has a fifty day simple moving average of $50.03 and a 200-day simple moving average of $51.18. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 10.04 and a beta of 1.53. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $1.68 earnings per share. On average, sell-side analysts anticipate that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal 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.