Customers Bancorp, Inc. (NYSE:CUBI) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 773,772 shares of the bank’s stock after purchasing an additional 42,965 shares during the quarter. American Century Companies Inc.’s holdings in Customers Bancorp were worth $37,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Intech Investment Management LLC lifted its position in Customers Bancorp by 120.6% during the 4th quarter. Intech Investment Management LLC now owns 55,916 shares of the bank’s stock worth $2,722,000 after acquiring an additional 30,567 shares in the last quarter. Royce & Associates LP lifted its position in shares of Customers Bancorp by 17.6% during the fourth quarter. Royce & Associates LP now owns 252,590 shares of the bank’s stock worth $12,296,000 after purchasing an additional 37,788 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in shares of Customers Bancorp by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank’s stock valued at $28,000 after purchasing an additional 189 shares during the period. First Eagle Investment Management LLC acquired a new stake in Customers Bancorp during the 4th quarter valued at $3,379,000. Finally, Swiss National Bank grew its stake in shares of Customers Bancorp by 1.0% during the fourth quarter. Swiss National Bank now owns 59,200 shares of the bank’s stock valued at $2,882,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity at Customers Bancorp

In other Customers Bancorp news, insider Glenn Hedde sold 15,815 shares of Customers Bancorp stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following the sale, the insider now owns 55,211 shares of the company’s stock, valued at $3,216,040.75. The trade was a 22.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jay S. Sidhu sold 67,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was 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 owns 965,723 shares of the company’s stock, valued at $54,872,380.86. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,988 shares of company stock worth $6,627,318 in the last ninety days. 6.92% of the stock is owned by insiders.

Customers Bancorp Stock Down 0.4 %

Shares of Customers Bancorp stock opened at $51.88 on Friday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 10.21 and a beta of 1.74. Customers Bancorp, Inc. has a twelve month low of $42.31 and a twelve month high of $68.49. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $53.58 and its 200-day simple moving average is $50.93.

Customers Bancorp (NYSE:CUBI) last posted its earnings results 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%. Equities research analysts forecast that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CUBI. Stephens reissued an “equal weight” rating and set a $58.00 price target on shares of Customers Bancorp in a research report on Friday, January 24th. StockNews.com upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, December 1st. DA Davidson increased their price target on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price objective on Customers Bancorp from $62.00 to $67.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Finally, Maxim Group increased their target price on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Six research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.