Customers Bancorp, Inc. (NYSE:CUBI) Shares Sold by Mariner LLC

Mariner LLC decreased its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,426 shares of the bank’s stock after selling 682 shares during the period. Mariner LLC’s holdings in Customers Bancorp were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CUBI. American Century Companies Inc. lifted 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 valued at $37,667,000 after acquiring an additional 42,965 shares during the period. JPMorgan Chase & Co. raised its holdings in Customers Bancorp by 33.1% during the fourth quarter. JPMorgan Chase & Co. now owns 429,572 shares of the bank’s stock worth $20,912,000 after purchasing an additional 106,895 shares during the last quarter. Tieton Capital Management LLC boosted its position in 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 purchasing an additional 54,170 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings 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 last quarter. Finally, Royce & Associates LP increased its position in shares of Customers Bancorp by 17.6% in the fourth quarter. Royce & Associates LP now owns 252,590 shares of the bank’s stock valued at $12,296,000 after buying an additional 37,788 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Customers Bancorp Trading Down 0.9 %

Shares of CUBI stock opened at $50.38 on Wednesday. The firm’s 50-day simple moving average is $48.78 and its 200-day simple moving average is $51.03. 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 firm has a market cap of $1.59 billion, a P/E ratio of 9.92 and a beta of 1.51.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.26. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. The company had revenue of $194.28 million for the quarter, compared to the consensus estimate of $165.24 million. During the same quarter last year, the firm posted $1.68 earnings per share. As a group, equities analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CUBI. Keefe, Bruyette & Woods lowered their price objective on shares of Customers Bancorp from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. Stephens reiterated an “equal weight” rating and issued a $58.00 price target on shares of Customers Bancorp in a research report on Friday, January 24th. DA Davidson lifted their price objective on Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Maxim Group increased their target price on Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.80.

About Customers Bancorp

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.