2,361 shares of Customers Bancorp, Inc. (NYSE: CUBI) purchased by Robeco Institutional Asset Management BV


Robeco Institutional Asset Management BV acquired a new position in shares of Customers Bancorp, Inc. (NYSE: CUBIGet a rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,361 shares of the bank, valued at around $123,000.

A number of other institutional investors have also recently increased or reduced their stake in the stock. Point72 Hong Kong Ltd acquired a new position in Customers Bancorp during the fourth quarter worth approximately $34,000. Lazard Asset Management LLC increased its position in Customers Bancorp by 70.5% during the fourth quarter. Lazard Asset Management LLC now owns 687 shares of the bank worth $44,000 after acquiring 284 additional shares in the last quarter. National Bank of Canada FI acquired a new position in Customers Bancorp during the fourth quarter worth approximately $87,000. Point72 Asset Management LP acquired a new position in Customers Bancorp during the fourth quarter worth approximately $92,000. Finally, USA Financial Portformulas Corp increased its position in Customers Bancorp by 30.2% during the fourth quarter. USA Financial Portformulas Corp now owns 2,001 shares of the bank worth $131,000 after acquiring 464 more shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s shares.

Bancorp Stock Performance Clients

Shares of CUBI stock opened at $35.21 on Friday. The company has a market capitalization of $1.16 billion, a price-earnings ratio of 3.51 and a beta of 1.61. Bancorp, Inc. Customers has a one-year minimum of $32.19 and a one-year maximum of $76.13. The company has a debt ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50-day moving average price of $37.06 and a 200-day moving average price of $49.78.

Bancorp Customers (NYSE: CUBIGet a rating) last reported quarterly earnings data on Wednesday, April 27. The bank reported earnings per share of $2.19 for the quarter, beating the consensus estimate of $1.66 by $0.53. The company posted revenue of $185.90 million in the quarter, compared to $170.48 million expected by analysts. Customers Bancorp had a return on equity of 30.79% and a net margin of 40.14%. Sell-side analysts expect Customers Bancorp, Inc. to post EPS of 7.95 for the current year.

Insider Trading at Customers Bancorp

Separately, director Lyle Cunningham sold 1,000 shares of the company in a trade dated Tuesday, May 3. The stock was sold at an average price of $43.06, for a total transaction of $43,060.00. Following completion of the transaction, the administrator now directly owns 11,051 shares of the company, valued at approximately $475,856.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Separately, director Lyle Cunningham sold 1,000 shares of the company in a trade dated Tuesday, May 3. The stock was sold at an average price of $43.06, for a total transaction of $43,060.00. Following completion of the transaction, the administrator now directly owns 11,051 shares of the company, valued at approximately $475,856.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Additionally, CEO Samvir S. Sidhu purchased 2,965 shares of the company in a transaction dated Friday, May 6. The shares were purchased at an average price of $42.10 per share, with a total value of $124,826.50. Following completion of the transaction, the CEO now directly owns 80,637 shares of the company, valued at approximately $3,394,817.70. Disclosure of this purchase can be found here. In the past ninety days, insiders have purchased 4,465 shares of the company worth $186,912. 6.75% of the shares are currently held by insiders of the company.

Analyst upgrades and downgrades

A number of brokerages have published reports on CUBI. Keefe, Bruyette & Woods upgraded Customers Bancorp shares from a “market performer” rating to an “outperformer” rating and raised their target price for the stock from $72.00 to $80.00 in a Monday, March 28 research report. StockNews.com began covering Customers Bancorp shares in a research report on Thursday, March 31. They issued a “maintaining” rating for the company. Stephens began covering Customers Bancorp shares in a research report on Monday, March 28. They issued an “equal weight” rating and a price target of $62.50 for the company. B. Riley cut his price target on Customers Bancorp stock from $90.00 to $85.00 in a Monday July 11 research report. Finally, Jefferies Financial Group cut its price target on Customers Bancorp stock from $63.00 to $48.00 in a Monday, July 11 research report. Four equity research analysts gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.07.

Clients Company Profile Bancorp

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Customers Bancorp, Inc operates as a banking holding company for Customers Bank which provides financial products and services to individuals and small and medium businesses. The Company offers deposit products, including checking, savings, MMDA and other deposit accounts. It offers lending products, including commercial warehouse mortgages, multifamily and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgages and installment loans.

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Institutional ownership by quarter for Bancorp clients (NYSE: CUBI)



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