BNP Paribas Financial Markets Sells 17,573 Shares of Customers Bancorp, Inc. (NYSE:CUBI)

BNP Paribas Financial Markets trimmed its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 43.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,852 shares of the bank's stock after selling 17,573 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Customers Bancorp worth $1,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CUBI. Proficio Capital Partners LLC acquired a new stake in shares of Customers Bancorp during the 4th quarter worth $1,277,000. Barclays PLC grew its holdings in shares of 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 purchasing an additional 28,683 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Customers Bancorp by 20.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,777 shares of the bank's stock worth $865,000 after purchasing an additional 2,994 shares in the last quarter. Swiss National Bank grew its holdings in shares of Customers Bancorp by 1.0% during the 4th quarter. Swiss National Bank now owns 59,200 shares of the bank's stock worth $2,882,000 after purchasing an additional 600 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Customers Bancorp during the 4th quarter worth $202,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CUBI. Keefe, Bruyette & Woods reduced their target price on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. DA Davidson increased their target price on Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wall Street Zen downgraded Customers Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday. Maxim Group upped their price objective on Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, B. Riley upped their price objective on Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $64.00.

Customers Bancorp Trading Down 0.8%

Shares of CUBI stock traded down $0.43 during mid-day trading on Monday, reaching $50.75. 175,801 shares of the stock traded hands, compared to its average volume of 362,919. The stock's fifty day simple moving average is $49.36 and its two-hundred day simple moving average is $51.59. Customers Bancorp, Inc. has a 1-year low of $40.75 and a 1-year high of $68.49. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 9.99 and a beta of 1.51. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 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 firm had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. During the same period last year, the firm posted $1.68 earnings per share. On average, research analysts anticipate 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.