2 weeks Ago By ABMN Staff
Sei Investments Co. cut its position in shares of Customers Bancorp, Inc. ( NYSE:CUBI – Free Report ) by 30.
8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,639 shares of the bank’s stock after selling 46,185 shares during the period. Sei Investments Co.
owned approximately 0.33% of Customers Bancorp worth $5,045,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently bought and sold shares of the company.
State Street Corp raised its position in shares of Customers Bancorp by 10.5% during the 3rd quarter. State Street Corp now owns 1,781,976 shares of the bank’s stock valued at $82,773,000 after buying an additional 169,982 shares during the period.
Allspring Global Investments Holdings LLC raised its position in Customers Bancorp by 46.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 285,368 shares of the bank’s stock valued at $13,621,000 after purchasing an additional 90,451 shares during the period.
First Eagle Investment Management LLC acquired a new position in shares of Customers Bancorp in the 4th quarter valued at $3,379,000. Raymond James Financial Inc. purchased a new position in shares of Customers Bancorp during the 4th quarter worth $2,543,000.
Finally, American Century Companies Inc. increased its position in shares of Customers Bancorp by 5.9% during the 4th quarter.
American Century Companies Inc. now owns 773,772 shares of the bank’s stock worth $37,667,000 after purchasing an additional 42,965 shares during the last quarter. 89.
29% of the stock is currently owned by institutional investors and hedge funds. Customers Bancorp Stock Performance Shares of CUBI opened at $50.72 on Wednesday.
Customers Bancorp, Inc. has a 1 year low of $42.31 and a 1 year high of $68.
49. The stock has a market capitalization of $1.60 billion, a PE ratio of 9.
98 and a beta of 1.74. 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 stock has a 50-day simple moving average of $53.60 and a 200-day simple moving average of $51.00.
Insider Transactions at Customers Bancorp In other news, insider Glenn Hedde sold 15,815 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 55,211 shares in the company, valued at approximately $3,216,040.75.
The trade was a 22.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, CEO Jay S. Sidhu sold 67,000 shares of the company’s 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 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 position.
The disclosure for this sale can be found here . In the last three months, insiders sold 115,988 shares of company stock valued at $6,627,318. Insiders own 6.
92% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have commented on CUBI. Maxim Group upped their target price on shares of Customers Bancorp from $75.
00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 27th. DA Davidson upped their price objective on shares of Customers Bancorp from $68.
00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and set a $58.
00 price objective on shares of Customers Bancorp in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price on Customers Bancorp from $62.00 to $67.
00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Six investment 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 stock. Based on data from MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00. Check Out Our Latest Research Report on CUBI 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. Further Reading 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.
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