Vontobel Holding Ltd. Invests $314,000 in Customers Bancorp, Inc. (NYSE:CUBI)

Vontobel Holding Ltd. purchased a new position in shares of Customers Bancorp, Inc. (NYSE:CUBI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,456 shares of the bank’s stock, valued at approximately $314,000.

Several other institutional investors also recently added to or reduced their stakes in CUBI. Counterpoint Mutual Funds LLC acquired a new position in Customers Bancorp during the third quarter worth approximately $87,000. Denali Advisors LLC increased its position in Customers Bancorp by 123.5% during the third quarter. Denali Advisors LLC now owns 84,944 shares of the bank’s stock worth $2,926,000 after buying an additional 46,944 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Customers Bancorp by 14.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,796 shares of the bank’s stock worth $303,000 after buying an additional 1,125 shares during the period. BluePath Capital Management LLC acquired a new position in Customers Bancorp during the third quarter worth approximately $31,000. Finally, Affinity Investment Advisors LLC acquired a new position in Customers Bancorp during the third quarter worth approximately $677,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

CUBI has been the topic of several research analyst reports. Raymond James lifted their price target on Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 29th. B. Riley lifted 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. Wedbush decreased their price target on Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Finally, Jefferies Financial Group lifted 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.86.

Insider Transactions at Customers Bancorp

In other news, CFO Carla A. Leibold sold 35,832 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $53.15, for a total value of $1,904,470.80. Following the completion of the transaction, the chief financial officer now directly owns 41,224 shares of the company’s stock, valued at $2,191,055.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Glenn Hedde sold 666 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $54.20, for a total value of $36,097.20. Following the completion of the transaction, the insider now directly owns 69,428 shares of the company’s stock, valued at $3,762,997.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Carla A. Leibold sold 35,832 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $53.15, for a total value of $1,904,470.80. Following the completion of the transaction, the chief financial officer now directly owns 41,224 shares of the company’s stock, valued at $2,191,055.60. The disclosure for this sale can be found here. Insiders own 9.40% of the company’s stock.

Customers Bancorp Stock Up 2.9 %

CUBI opened at $50.40 on Wednesday. The business’s fifty day moving average is $51.70 and its two-hundred day moving average is $48.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.91 and a current ratio of 0.93. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 6.89 and a beta of 1.67. Customers Bancorp, Inc. has a one year low of $15.80 and a one year high of $60.09.

Customers Bancorp (NYSE:CUBI) last posted its earnings results on Thursday, January 25th. The bank reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.14. The company had revenue of $191.18 million for the quarter, compared to the consensus estimate of $187.87 million. Customers Bancorp had a return on equity of 18.75% and a net margin of 17.23%. Analysts anticipate that Customers Bancorp, Inc. will post 6.85 EPS 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.