SG Americas Securities LLC Has $272,000 Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

SG Americas Securities LLC raised its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,579 shares of the bank’s stock after buying an additional 333 shares during the period. SG Americas Securities LLC’s holdings in Customers Bancorp were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUBI. Intech Investment Management LLC lifted its holdings in shares of Customers Bancorp by 74.2% in the third quarter. Intech Investment Management LLC now owns 25,349 shares of the bank’s stock valued at $1,177,000 after purchasing an additional 10,797 shares in the last quarter. BNP Paribas Financial Markets raised its position in Customers Bancorp by 117.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,425 shares of the bank’s stock valued at $1,878,000 after buying an additional 21,871 shares during the last quarter. Walleye Capital LLC lifted its stake in Customers Bancorp by 536.3% during the 3rd quarter. Walleye Capital LLC now owns 38,450 shares of the bank’s stock valued at $1,786,000 after acquiring an additional 32,407 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Customers Bancorp by 88.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 479,739 shares of the bank’s stock worth $22,284,000 after acquiring an additional 225,785 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Customers Bancorp by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,469 shares of the bank’s stock worth $23,665,000 after acquiring an additional 12,000 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

CUBI has been the topic of a number of recent analyst reports. DA Davidson raised their price target on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Maxim Group lifted their target price on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and issued a $58.00 target price on shares of Customers Bancorp in a report on Friday, January 24th. B. Riley lifted their price target on Customers Bancorp from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods upped their price objective on Customers Bancorp from $62.00 to $67.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Customers Bancorp has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Customers Bancorp Stock Performance

Shares of CUBI opened at $57.78 on Thursday. Customers Bancorp, Inc. has a 1 year low of $42.31 and a 1 year 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. The stock’s fifty day moving average price is $51.69 and its two-hundred day moving average price is $50.93. The firm has a market cap of $1.81 billion, a PE ratio of 11.37 and a beta of 1.68.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Customers Bancorp, Inc. will post 6.33 EPS for the current year.

Insider Activity

In other news, Director Robert Neil Mackay sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $53.78, for a total transaction of $215,120.00. Following the sale, the director now directly owns 4,567 shares in the company, valued at $245,613.26. This represents a 46.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Glenn Hedde sold 15,815 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following the completion of the sale, the insider now directly owns 55,211 shares in the company, valued at approximately $3,216,040.75. The trade was a 22.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,566 shares of company stock valued at $11,737,558 over the last quarter. Company insiders own 6.92% of the company’s stock.

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.