Customers Bancorp, Inc. (NYSE:CUBI) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its position in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,894 shares of the bank’s stock after selling 3,502 shares during the period. Brandywine Global Investment Management LLC’s holdings in Customers Bancorp were worth $3,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Customers Bancorp by 10.5% in 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. American Century Companies Inc. increased its holdings in Customers Bancorp by 5.9% in the 4th quarter. American Century Companies Inc. now owns 773,772 shares of the bank’s stock valued at $37,667,000 after purchasing an additional 42,965 shares in the last quarter. Geode Capital Management LLC raised its position in Customers Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 687,130 shares of the bank’s stock valued at $31,924,000 after purchasing an additional 17,941 shares during the period. Charles Schwab Investment Management Inc. raised its position in Customers Bancorp by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 509,469 shares of the bank’s stock valued at $23,665,000 after purchasing an additional 12,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CUBI shares. DA Davidson raised their target price on Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and issued a $58.00 price objective on shares of Customers Bancorp in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted 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 report on Monday, January 27th. Finally, Maxim Group raised their price target on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 27th. Six research 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’s stock. Based on data from MarketBeat, Customers Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Insider Transactions at Customers Bancorp

In other Customers Bancorp news, insider Glenn Hedde sold 15,815 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $58.25, for a total value of $921,223.75. Following the transaction, the insider now owns 55,211 shares of the company’s stock, valued at $3,216,040.75. This trade represents a 22.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jay S. Sidhu sold 67,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.82, for a total value of $3,806,940.00. Following the transaction, the chief executive officer now directly owns 965,723 shares of the company’s stock, valued at $54,872,380.86. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,988 shares of company stock worth $6,627,318. 6.92% of the stock is currently owned by corporate insiders.

Customers Bancorp Trading Up 1.0 %

NYSE CUBI opened at $50.72 on Wednesday. The company’s fifty day moving average price is $53.60 and its two-hundred day moving average price is $51.00. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 9.98 and a beta of 1.74. Customers Bancorp, Inc. has a 12 month low of $42.31 and a 12 month high of $68.49. 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 (NYSE:CUBI) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, topping the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. As a group, research analysts predict that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

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.