Marshall Wace LLP Has $991,000 Stock Position in Customers Bancorp, Inc. (NYSE:CUBI)

Marshall Wace LLP decreased its holdings in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 69.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,354 shares of the bank's stock after selling 46,673 shares during the period. Marshall Wace LLP owned approximately 0.06% of Customers Bancorp worth $991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in shares of Customers Bancorp by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock worth $28,000 after purchasing an additional 189 shares during the last quarter. R Squared Ltd purchased a new position in shares of Customers Bancorp in the 4th quarter valued at about $42,000. KBC Group NV raised its holdings in Customers Bancorp by 82.8% during the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after purchasing an additional 677 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Customers Bancorp by 323.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in Customers Bancorp by 8.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock worth $151,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Customers Bancorp Price Performance

NYSE CUBI traded down $0.47 on Tuesday, reaching $50.38. The company's stock had a trading volume of 145,656 shares, compared to its average volume of 365,946. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.59 billion, a PE ratio of 9.92 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 business has a 50-day moving average price of $48.78 and a 200 day moving average price of $51.03.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.26. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. The firm had revenue of $194.28 million during the quarter, compared to analysts' expectations of $165.24 million. During the same quarter last year, the company posted $1.68 EPS. Sell-side analysts expect that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CUBI. Keefe, Bruyette & Woods dropped their price target on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. DA Davidson raised their price target on Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Stephens restated an "equal weight" rating and set a $58.00 target price on shares of Customers Bancorp in a research report on Friday, January 24th. Finally, Maxim Group increased their price target on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Customers Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $63.80.

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.