WINTON GROUP Ltd Has $1.16 Million Stock Position in Customers Bancorp, Inc. (NYSE:CUBI)

WINTON GROUP Ltd increased its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,807 shares of the bank’s stock after buying an additional 1,789 shares during the quarter. WINTON GROUP Ltd owned approximately 0.08% of Customers Bancorp worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in Customers Bancorp by 10.5% during the third quarter. State Street Corp now owns 1,781,976 shares of the bank’s stock worth $82,773,000 after acquiring an additional 169,982 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 period. First Eagle Investment Management LLC acquired a new stake in Customers Bancorp in the 4th quarter valued at about $3,379,000. Tieton Capital Management LLC lifted its stake in Customers Bancorp by 22.9% in the 4th quarter. Tieton Capital Management LLC now owns 290,373 shares of the bank’s stock valued at $14,135,000 after purchasing an additional 54,170 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Customers Bancorp during the fourth quarter worth about $2,543,000. 89.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CUBI has been the subject of a number of recent analyst reports. StockNews.com raised Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, December 1st. Maxim Group raised their price target on Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 27th. Stephens reiterated an “equal weight” rating and issued a $58.00 price objective on shares of Customers Bancorp in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of Customers Bancorp from $62.00 to $67.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Finally, DA Davidson upped their price target on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 27th. 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.00.

Customers Bancorp Trading Down 3.3 %

CUBI opened at $50.17 on Friday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.88 and a beta of 1.74. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. Customers Bancorp, Inc. has a twelve month low of $42.31 and a twelve month high of $68.49. The company has a 50-day simple moving average of $53.59 and a 200 day simple moving average of $50.94.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. Analysts predict that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jay S. Sidhu sold 33,173 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $57.25, for a total transaction of $1,899,154.25. Following the transaction, the chief executive officer now directly owns 1,032,723 shares of the company’s stock, valued at $59,123,391.75. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Glenn Hedde sold 15,815 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following 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 disclosure for this sale can be found here. Insiders have sold 115,988 shares of company stock valued at $6,627,318 in the last ninety days. 6.92% of the stock is owned by company insiders.

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.