Nisa Investment Advisors LLC Lowers Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Nisa Investment Advisors LLC decreased its position in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,152 shares of the bank’s stock after selling 580 shares during the period. Nisa Investment Advisors LLC’s holdings in Customers Bancorp were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. SevenOneSeven Capital Management increased its position in Customers Bancorp by 3.8% during the fourth quarter. SevenOneSeven Capital Management now owns 8,713 shares of the bank’s stock valued at $247,000 after acquiring an additional 315 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Customers Bancorp by 3.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,783 shares of the bank’s stock worth $366,000 after purchasing an additional 328 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Customers Bancorp by 1.5% in the first quarter. Great West Life Assurance Co. Can now owns 26,354 shares of the bank’s stock worth $1,410,000 after purchasing an additional 398 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Customers Bancorp by 0.7% in the second quarter. Legal & General Group Plc now owns 73,595 shares of the bank’s stock worth $2,495,000 after purchasing an additional 486 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Customers Bancorp by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 9,860 shares of the bank’s stock worth $299,000 after purchasing an additional 535 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at Customers Bancorp

In other news, insider Glenn Hedde sold 666 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total transaction of $36,097.20. Following the transaction, the insider now owns 69,428 shares in the company, valued at $3,762,997.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Glenn Hedde sold 666 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total transaction of $36,097.20. Following the transaction, the insider now owns 69,428 shares in the company, valued at $3,762,997.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Carla A. Leibold sold 35,832 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $53.15, for a total transaction of $1,904,470.80. Following the transaction, the chief financial officer now owns 41,224 shares in the company, valued at approximately $2,191,055.60. The disclosure for this sale can be found here. Insiders own 9.40% of the company’s stock.

Customers Bancorp Stock Up 0.2 %

NYSE:CUBI opened at $46.45 on Thursday. Customers Bancorp, Inc. has a 1-year low of $15.80 and a 1-year high of $60.09. The company has a 50-day moving average of $51.91 and a 200 day moving average of $48.33. The firm has a market cap of $1.46 billion, a PE ratio of 6.35 and a beta of 1.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.93 and a quick ratio of 0.91.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $1.90 EPS for the quarter, beating the consensus estimate of $1.76 by $0.14. The business had revenue of $191.18 million during the quarter, compared to analyst estimates of $187.87 million. Customers Bancorp had a net margin of 17.23% and a return on equity of 18.75%. As a group, research analysts anticipate that Customers Bancorp, Inc. will post 6.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CUBI. Raymond James upped their price target on shares of Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Monday, January 29th. Wedbush cut their price target on shares of Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. B. Riley upped their price objective on shares of Customers Bancorp from $62.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Jefferies Financial Group upped their price objective on shares of Customers Bancorp from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Customers Bancorp presently has an average rating of “Moderate Buy” and an average target price of $61.86.

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.