DekaBank Deutsche Girozentrale Has $322,000 Stock Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

DekaBank Deutsche Girozentrale raised its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 58.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,455 shares of the bank’s stock after purchasing an additional 2,004 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Customers Bancorp were worth $322,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Customers Bancorp by 99.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 183,169 shares of the bank’s stock valued at $10,554,000 after purchasing an additional 91,311 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Customers Bancorp during the 3rd quarter worth approximately $1,712,000. Numerai GP LLC bought a new position in shares of Customers Bancorp during the 3rd quarter worth approximately $363,000. American Century Companies Inc. boosted its stake in shares of Customers Bancorp by 14.6% during the 3rd quarter. American Century Companies Inc. now owns 364,767 shares of the bank’s stock worth $12,566,000 after acquiring an additional 46,347 shares during the period. Finally, Advisors Preferred LLC bought a new position in shares of Customers Bancorp during the 4th quarter worth approximately $1,297,000. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Customers Bancorp

In related news, insider Glenn Hedde sold 666 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $54.20, for a total transaction of $36,097.20. Following the sale, the insider now owns 69,428 shares in the company, valued at approximately $3,762,997.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Carla A. Leibold sold 35,832 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 41,224 shares in the company, valued at approximately $2,191,055.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Glenn Hedde sold 666 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were 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 in the company, valued at approximately $3,762,997.60. The disclosure for this sale can be found here. Corporate insiders own 9.40% of the company’s stock.

Customers Bancorp Price Performance

Shares of NYSE CUBI opened at $46.32 on Wednesday. The stock has a market capitalization of $1.46 billion, a PE ratio of 6.34 and a beta of 1.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.93 and a quick ratio of 0.91. The business has a fifty day moving average price of $51.99 and a two-hundred day moving average price of $48.35. Customers Bancorp, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $60.09.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.14. Customers Bancorp had a return on equity of 18.75% and a net margin of 17.23%. The firm had revenue of $191.18 million during the quarter, compared to analysts’ expectations of $187.87 million. As a group, equities analysts predict that Customers Bancorp, Inc. will post 6.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CUBI has been the subject of several recent research reports. Raymond James boosted their price target on Customers Bancorp from $65.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Monday, January 29th. B. Riley boosted their price target on Customers Bancorp from $62.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Jefferies Financial Group boosted their price target on Customers Bancorp from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Wedbush reduced their price target on Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.86.

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.