Geode Capital Management LLC Cuts Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Geode Capital Management LLC lessened its holdings in Customers Bancorp, Inc. ( NYSE:CUBI – Free Report ) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission.

The firm owned 683,684 shares of the bank’s stock after selling 3,446 shares during the period. Geode Capital Management LLC’s holdings in Customers Bancorp were worth $33,289,000 as of its most recent SEC filing. Several other institutional investors have also modified their holdings of CUBI.



Heartland Advisors Inc. acquired a new stake in shares of Customers Bancorp in the fourth quarter valued at $7,672,000. Pacific Ridge Capital Partners LLC raised its position in Customers Bancorp by 12.

1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 25,880 shares of the bank’s stock valued at $1,260,000 after purchasing an additional 2,797 shares in the last quarter. JPMorgan Chase & Co.

boosted its stake in shares of Customers Bancorp by 33.1% in the 4th quarter. JPMorgan Chase & Co.

now owns 429,572 shares of the bank’s stock valued at $20,912,000 after buying an additional 106,895 shares during the period. WINTON GROUP Ltd grew its position in shares of Customers Bancorp by 8.1% during the fourth quarter.

WINTON GROUP Ltd now owns 23,807 shares of the bank’s stock worth $1,159,000 after buying an additional 1,789 shares in the last quarter. Finally, Tieton Capital Management LLC increased its stake in shares of Customers Bancorp by 22.9% during the fourth quarter.

Tieton Capital Management LLC now owns 290,373 shares of the bank’s stock worth $14,135,000 after buying an additional 54,170 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades A number of research analysts recently issued reports on CUBI shares. Stephens reiterated an “equal weight” rating and issued a $58.00 price target on shares of Customers Bancorp in a research note on Friday, January 24th.

Keefe, Bruyette & Woods lifted their price objective on shares of Customers Bancorp from $62.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th.

Maxim Group boosted their target price 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.

Finally, DA Davidson raised their price target on Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 27th.

Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.

00. Insider Buying and Selling at Customers Bancorp In other news, insider Glenn Hedde sold 15,815 shares of Customers Bancorp stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $58.

25, for a total value of $921,223.75. Following the transaction, the insider now directly owns 55,211 shares of the company’s stock, valued at $3,216,040.

75. The trade was a 22.27 % decrease in their position.

The sale was disclosed in a legal filing with the SEC, which is available through this link . Also, CEO Jay S. Sidhu sold 67,000 shares of the stock in a transaction on Tuesday, February 4th.

The stock was sold at an average price of $56.82, for a total transaction of $3,806,940.00.

Following the sale, the chief executive officer now owns 965,723 shares of the company’s stock, valued at approximately $54,872,380.86. This represents a 6.

49 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders sold 115,988 shares of company stock worth $6,627,318.

6.92% of the stock is owned by insiders. Customers Bancorp Price Performance Shares of CUBI opened at $45.

07 on Thursday. 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 1-year low of $40.75 and a 1-year high of $68.49.

The stock has a market cap of $1.42 billion, a PE ratio of 8.87 and a beta of 1.

47. The firm has a fifty day moving average price of $50.67 and a 200 day moving average price of $50.

75. Customers Bancorp ( NYSE:CUBI – Get Free Report ) last posted its earnings results on Thursday, January 23rd. The bank reported $1.

36 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15.

Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%.

As a group, sell-side analysts anticipate that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Customers Bancorp Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding CUBI? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Customers Bancorp, Inc. ( NYSE:CUBI – Free Report ). Receive News & Ratings for Customers Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Customers Bancorp and related companies with MarketBeat.

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