7 hours Ago By ABMN Staff
Raymond James Financial Inc. acquired a new stake in shares of Customers Bancorp, Inc. ( NYSE:CUBI – Free Report ) during the 4th quarter, Holdings Channel reports.
The firm acquired 52,244 shares of the bank’s stock, valued at approximately $2,543,000. A number of other institutional investors and hedge funds also recently made changes to their positions in CUBI. Barclays PLC raised its stake in Customers Bancorp by 46.
9% during the 3rd quarter. Barclays PLC now owns 89,879 shares of the bank’s stock worth $4,175,000 after buying an additional 28,683 shares during the period. Franklin Resources Inc.
lifted its holdings in shares of Customers Bancorp by 3.4% in the 3rd quarter. Franklin Resources Inc.
now owns 62,515 shares of the bank’s stock worth $3,011,000 after purchasing an additional 2,060 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Customers Bancorp during the 4th quarter valued at $1,314,000.
SG Americas Securities LLC raised its holdings in Customers Bancorp by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank’s stock worth $272,000 after buying an additional 333 shares during the last quarter.
Finally, Exchange Traded Concepts LLC lifted its position in Customers Bancorp by 5.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,085 shares of the bank’s stock valued at $1,026,000 after acquiring an additional 1,108 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 stock was sold at an average price of $58.25, for a total value of $921,223.75.
Following the sale, the insider now owns 55,211 shares in the company, valued at approximately $3,216,040.75. This trade represents a 22.
27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, CEO Jay S.
Sidhu sold 67,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.82, for a total value of $3,806,940.
00. Following the transaction, the chief executive officer now owns 965,723 shares of the company’s stock, valued at approximately $54,872,380.86.
The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 115,988 shares of company stock valued at $6,627,318. Corporate insiders own 6.92% of the company’s stock.
Customers Bancorp Trading Up 3.0 % Customers Bancorp ( NYSE:CUBI – Get Free Report ) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.
54 EPS for the quarter, topping the consensus estimate of $1.28 by $0.26.
The company had revenue of $194.28 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.68 EPS. As a group, research analysts forecast that Customers Bancorp, Inc.
will post 6.45 EPS for the current year. Wall Street Analyst Weigh In CUBI has been the topic of a number of recent research reports.
DA Davidson raised their target price on Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 27th.
Maxim Group increased their target price on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 27th.
Stephens reaffirmed an “equal weight” rating and issued a $58.00 price objective on shares of Customers Bancorp in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Customers Bancorp from $67.
00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday. Six investment 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.
According to data from MarketBeat.com, Customers Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.80.
View Our Latest Analysis on Customers Bancorp Customers Bancorp Company 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. Featured 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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