Jump Financial LLC Purchases New Position in Customers Bancorp, Inc. (NYSE:CUBI)

Jump Financial LLC acquired a new stake in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 37,179 shares of the bank's stock, valued at approximately $1,810,000. Jump Financial LLC owned about 0.12% of Customers Bancorp at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Picton Mahoney Asset Management raised its position in Customers Bancorp by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after purchasing an additional 189 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Customers Bancorp by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock worth $151,000 after purchasing an additional 254 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Customers Bancorp by 3.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock valued at $473,000 after buying an additional 302 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Customers Bancorp by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock worth $272,000 after purchasing an additional 333 shares in the last quarter. Finally, Swiss National Bank lifted its position 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 purchasing an additional 600 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling at Customers Bancorp

In other Customers Bancorp news, insider Glenn Hedde sold 15,815 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following the completion of the transaction, the insider now owns 55,211 shares of the company's stock, valued at $3,216,040.75. This represents a 22.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jay S. Sidhu sold 33,173 shares of Customers Bancorp stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $57.25, for a total value of $1,899,154.25. Following the completion of the transaction, the chief executive officer now directly owns 1,032,723 shares of the company's stock, valued at approximately $59,123,391.75. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,988 shares of company stock valued at $6,627,318. Corporate insiders own 6.92% of the company's stock.

Customers Bancorp Stock Up 2.4 %

CUBI traded up $1.15 during trading on Thursday, reaching $49.61. 164,866 shares of the stock were exchanged, compared to its average volume of 373,375. Customers Bancorp, Inc. has a twelve month low of $40.75 and a twelve month high of $68.49. The stock has a market cap of $1.56 billion, a P/E ratio of 9.76 and a beta of 1.47. The stock's 50 day moving average price is $49.58 and its two-hundred day moving average price is $50.78. 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 (NYSE:CUBI - Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. Equities analysts expect that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Analyst Upgrades and Downgrades

CUBI has been the topic of a number of analyst reports. 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. DA Davidson raised their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Stephens reaffirmed an "equal weight" rating and set a $58.00 price target on shares of Customers Bancorp in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on Customers Bancorp from $62.00 to $67.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

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.