Voya Investment Management LLC Sells 5,174 Shares of Customers Bancorp, Inc. (NYSE:CUBI)

Voya Investment Management LLC decreased its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 21.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,906 shares of the bank's stock after selling 5,174 shares during the period. Voya Investment Management LLC owned 0.06% of Customers Bancorp worth $920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hood River Capital Management LLC increased its position in Customers Bancorp by 40.1% during the 4th quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank's stock worth $71,606,000 after buying an additional 421,335 shares during the period. Heartland Advisors Inc. bought a new stake in shares of Customers Bancorp in the fourth quarter valued at about $7,672,000. JPMorgan Chase & Co. grew its stake in shares of Customers Bancorp by 33.1% in the fourth quarter. JPMorgan Chase & Co. now owns 429,572 shares of the bank's stock valued at $20,912,000 after acquiring an additional 106,895 shares in the last quarter. Gator Capital Management LLC increased its position in Customers Bancorp by 135.0% during the fourth quarter. Gator Capital Management LLC now owns 178,801 shares of the bank's stock worth $8,704,000 after acquiring an additional 102,701 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Customers Bancorp by 46.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,368 shares of the bank's stock worth $13,621,000 after purchasing an additional 90,451 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Customers Bancorp Price Performance

NYSE:CUBI traded up $2.44 during trading hours on Monday, hitting $54.44. The company's stock had a trading volume of 58,831 shares, compared to its average volume of 364,967. The company has a market capitalization of $1.71 billion, a P/E ratio of 10.66 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. Customers Bancorp, Inc. has a twelve month low of $40.75 and a twelve month high of $68.49. The stock has a fifty day simple moving average of $48.70 and a 200-day simple moving average of $51.19.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.26. The company had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same period in the previous year, the firm posted $1.68 EPS. On average, analysts anticipate that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on CUBI shares. Maxim Group raised their target price on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on 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. Stephens reiterated 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, 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. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.