Deutsche Bank AG Sells 24,943 Shares of Customers Bancorp, Inc. (NYSE:CUBI)

Deutsche Bank AG cut its holdings in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 26.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,110 shares of the bank's stock after selling 24,943 shares during the period. Deutsche Bank AG owned about 0.23% of Customers Bancorp worth $3,462,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its holdings in Customers Bancorp by 30.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 227,143 shares of the bank's stock worth $11,057,000 after buying an additional 53,302 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Customers Bancorp during the fourth quarter worth $205,000. Cubist Systematic Strategies LLC increased its holdings in Customers Bancorp by 210.1% during the fourth quarter. Cubist Systematic Strategies LLC now owns 29,658 shares of the bank's stock worth $1,444,000 after buying an additional 20,094 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Customers Bancorp by 65.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 80,716 shares of the bank's stock worth $3,929,000 after buying an additional 32,000 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Customers Bancorp by 109.8% during the fourth quarter. Jane Street Group LLC now owns 77,302 shares of the bank's stock worth $3,763,000 after buying an additional 40,449 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Customers Bancorp Stock Performance

Shares of Customers Bancorp stock traded down $0.43 during trading on Monday, reaching $50.75. The company's stock had a trading volume of 175,801 shares, compared to its average volume of 362,919. The business's 50-day moving average price is $49.36 and its 200-day moving average price is $51.59. The firm has a market cap of $1.60 billion, a PE ratio of 9.99 and a beta of 1.51. Customers Bancorp, Inc. has a 52 week low of $40.75 and a 52 week high of $68.49. 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 earnings results 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 company had revenue of $194.28 million during the quarter, compared to analysts' expectations of $165.24 million. During the same quarter in the previous year, the business posted $1.68 earnings per share. Equities analysts forecast that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

CUBI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Customers Bancorp from a "hold" rating to a "sell" rating in a report on Thursday. DA Davidson boosted their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price objective 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. B. Riley lifted their price objective on shares of Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Maxim Group lifted their price objective 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. One investment 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.