Customers Bancorp, Inc. (NYSE:CUBI) Shares Sold by Walleye Capital LLC

Walleye Capital LLC reduced its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 83.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,394 shares of the bank's stock after selling 32,056 shares during the period. Walleye Capital LLC's holdings in Customers Bancorp were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management grew its holdings 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 during the period. R Squared Ltd bought a new stake in Customers Bancorp during the fourth quarter valued at about $42,000. KBC Group NV lifted its position in shares of Customers Bancorp by 82.8% in the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock valued at $73,000 after acquiring an additional 677 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Customers Bancorp by 323.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock worth $80,000 after acquiring an additional 1,255 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in shares of Customers Bancorp by 8.9% during 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 in the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling

In related news, insider Glenn Hedde sold 15,815 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $58.25, for a total transaction of $921,223.75. Following the sale, the insider now directly owns 55,211 shares of the company's stock, valued at approximately $3,216,040.75. This represents a 22.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jay S. Sidhu sold 67,000 shares of Customers Bancorp stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.82, for a total transaction of $3,806,940.00. Following the completion of the transaction, the chief executive officer now directly owns 965,723 shares of the company's stock, valued at $54,872,380.86. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,988 shares of company stock worth $6,627,318 in the last ninety days. 6.92% of the stock is owned by insiders.

Customers Bancorp Stock Down 1.3 %

Customers Bancorp stock traded down $0.65 during midday trading on Wednesday, hitting $50.02. 219,631 shares of the company's stock were exchanged, compared to its average volume of 368,142. Customers Bancorp, Inc. has a 12 month low of $40.75 and a 12 month high of $68.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The company has a market cap of $1.57 billion, a PE ratio of 9.85 and a beta of 1.47. The firm has a 50-day moving average of $48.99 and a two-hundred day moving average of $50.92.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its 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. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. The company had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. During the same quarter in the previous year, the firm earned $1.68 earnings per share. As a group, analysts expect that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CUBI. Keefe, Bruyette & Woods lowered their price target on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a report on Monday. Stephens reaffirmed an "equal weight" rating and set a $58.00 target price on shares of Customers Bancorp in a research note on Friday, January 24th. DA Davidson increased their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Maxim Group upped their price target on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Customers Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $63.80.

About Customers Bancorp

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.