Customers Bancorp, Inc. (NYSE:CUBI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 26.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,110 shares of the bank’s stock after selling 24,943 shares during the quarter. Deutsche Bank AG owned about 0.23% of Customers Bancorp worth $3,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CUBI. Hood River Capital Management LLC lifted its stake in Customers Bancorp by 40.1% during the 4th quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank’s stock worth $71,606,000 after acquiring an additional 421,335 shares in the last quarter. Heartland Advisors Inc. purchased a new position in Customers Bancorp during the 4th quarter worth approximately $7,672,000. JPMorgan Chase & Co. grew its stake in shares of Customers Bancorp by 33.1% in the 4th quarter. JPMorgan Chase & Co. now owns 429,572 shares of the bank’s stock valued at $20,912,000 after purchasing an additional 106,895 shares during the last quarter. Gator Capital Management LLC grew its stake in shares of Customers Bancorp by 135.0% in the 4th quarter. Gator Capital Management LLC now owns 178,801 shares of the bank’s stock valued at $8,704,000 after purchasing an additional 102,701 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Customers Bancorp by 46.4% in the 4th 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. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Stock Performance

Shares of NYSE CUBI opened at $53.70 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 10.57 and a beta of 1.51. The stock’s fifty day simple moving average is $49.36 and its 200 day simple moving average is $51.56. Customers Bancorp, Inc. has a 52-week low of $40.75 and a 52-week high of $68.49.

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

Analyst Ratings Changes

CUBI has been the subject of a number of analyst reports. Maxim Group boosted their price target on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 27th. DA Davidson raised their price target on Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Stephens reissued an “equal weight” rating and issued a $58.00 price target on shares of Customers Bancorp in a report on Friday, January 24th. B. Riley raised their price target on Customers Bancorp from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Finally, Keefe, Bruyette & Woods cut their price target on Customers Bancorp from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

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.