Invesco Ltd. Has $10.20 Million Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Invesco Ltd. decreased its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 43.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,586 shares of the bank’s stock after selling 157,812 shares during the period. Invesco Ltd. owned 0.67% of Customers Bancorp worth $10,203,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CUBI. Barclays PLC increased its stake in shares of Customers Bancorp by 46.9% in the 3rd quarter. Barclays PLC now owns 89,879 shares of the bank’s stock valued at $4,175,000 after purchasing an additional 28,683 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Customers Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 687,130 shares of the bank’s stock worth $31,924,000 after acquiring an additional 17,941 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Customers Bancorp by 12.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,412 shares of the bank’s stock worth $437,000 after purchasing an additional 1,066 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Customers Bancorp by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 62,515 shares of the bank’s stock worth $3,011,000 after buying an additional 2,060 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Customers Bancorp in the fourth quarter valued at about $1,314,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. DA Davidson increased their target price on Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods upped their target price on shares of Customers Bancorp from $62.00 to $67.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Maxim Group raised their price objective on Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Stephens reiterated an “equal weight” rating and set a $58.00 target price on shares of Customers Bancorp in a research report on Friday, January 24th. Six 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Customers Bancorp Stock Performance

NYSE CUBI opened at $46.31 on Wednesday. Customers Bancorp, Inc. has a 52-week low of $40.75 and a 52-week high of $68.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.12 and a beta of 1.47. The company’s fifty day moving average is $49.75 and its two-hundred day moving average is $50.79.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.15. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. Equities research analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Insider Buying and Selling at Customers Bancorp

In other Customers Bancorp news, insider Glenn Hedde sold 15,815 shares of Customers Bancorp 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jay S. Sidhu sold 33,173 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $57.25, for a total value of $1,899,154.25. Following the completion of the transaction, the chief executive officer now directly owns 1,032,723 shares in the company, valued at approximately $59,123,391.75. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,988 shares of company stock valued at $6,627,318. 6.92% of the stock is currently owned by company insiders.

Customers Bancorp 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.