4,068 Shares in Customers Bancorp, Inc. (NYSE:CUBI) Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new position in Customers Bancorp, Inc. (NYSE:CUBI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,068 shares of the bank’s stock, valued at approximately $234,000.

Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp bought a new position in shares of Customers Bancorp during the 4th quarter valued at approximately $238,000. Cornercap Investment Counsel Inc. bought a new position in shares of Customers Bancorp during the 4th quarter valued at approximately $1,254,000. Vontobel Holding Ltd. purchased a new position in Customers Bancorp in the 4th quarter worth approximately $314,000. Louisiana State Employees Retirement System purchased a new position in Customers Bancorp in the 4th quarter worth approximately $812,000. Finally, Mutual of America Capital Management LLC purchased a new position in Customers Bancorp in the 4th quarter worth approximately $285,000. 89.29% of the stock is currently owned by institutional investors.

Customers Bancorp Stock Performance

Shares of Customers Bancorp stock opened at $46.45 on Thursday. The stock’s fifty day moving average is $51.91 and its two-hundred day moving average is $48.33. The company has a market capitalization of $1.46 billion, a PE ratio of 6.35 and a beta of 1.67. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.92. Customers Bancorp, Inc. has a 52 week low of $15.80 and a 52 week high of $60.09.

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

Insider Transactions at Customers Bancorp

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

Analyst Upgrades and Downgrades

CUBI has been the topic of several recent research reports. B. Riley upped their price objective on Customers Bancorp from $62.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Raymond James boosted their target price on Customers Bancorp from $65.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Monday, January 29th. Wedbush cut their target price on Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Finally, Jefferies Financial Group boosted their target price on Customers Bancorp from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.