Northwestern Mutual Wealth Management Co. increased its holdings in Customers Bancorp, Inc (NYSE:CUBI – Free Report) by 247,273.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 222,636 shares of the bank’s stock after buying an additional 222,546 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Customers Bancorp were worth $16,279,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Access Investment Management LLC boosted its holdings in shares of Customers Bancorp by 15.7% in the 3rd quarter. Access Investment Management LLC now owns 132,415 shares of the bank’s stock valued at $8,656,000 after buying an additional 18,000 shares during the period. EJF Capital LLC acquired a new position in shares of Customers Bancorp in the 3rd quarter valued at about $1,711,000. Principal Financial Group Inc. boosted its holdings in shares of Customers Bancorp by 23.4% in the 3rd quarter. Principal Financial Group Inc. now owns 179,762 shares of the bank’s stock valued at $11,751,000 after buying an additional 34,081 shares during the period. Fortress Investment Group LLC acquired a new position in shares of Customers Bancorp in the 3rd quarter valued at about $2,860,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Customers Bancorp by 5.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 421,852 shares of the bank’s stock valued at $31,428,000 after purchasing an additional 23,129 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO Samvir S. Sidhu bought 1,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $72.58 per share, with a total value of $72,580.00. Following the completion of the transaction, the chief executive officer directly owned 521,714 shares in the company, valued at approximately $37,866,002.12. The trade was a 0.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Philip Watkins sold 3,000 shares of Customers Bancorp stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $75.67, for a total transaction of $227,010.00. Following the completion of the transaction, the executive vice president directly owned 43,993 shares in the company, valued at approximately $3,328,950.31. This trade represents a 6.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.45% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on CUBI
Customers Bancorp Stock Up 2.7%
CUBI stock opened at $75.24 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average is $72.41 and its two-hundred day moving average is $72.54. Customers Bancorp, Inc has a 52 week low of $49.54 and a 52 week high of $82.56. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 9.55 and a beta of 1.52.
Customers Bancorp (NYSE:CUBI – Get Free Report) last released its earnings results on Thursday, April 23rd. The bank reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.09. Customers Bancorp had a net margin of 18.63% and a return on equity of 14.12%. The business had revenue of $225.40 million for the quarter, compared to the consensus estimate of $223.51 million. During the same period in the previous year, the firm earned $1.54 EPS. The business’s revenue for the quarter was up 57.9% on a year-over-year basis. On average, analysts forecast that Customers Bancorp, Inc will post 8.52 earnings per share for the current fiscal year.
Customers Bancorp declared that its Board of Directors has approved a share buyback plan on Wednesday, February 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the bank to repurchase up to 4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Customers Bancorp Profile
Customers Bancorp, Inc (NYSE: CUBI) is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.
Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.
Recommended Stories
- Five stocks we like better than Customers Bancorp
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Want to see what other hedge funds are holding CUBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Customers Bancorp, Inc (NYSE:CUBI – Free Report).
Receive News & Ratings for Customers Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Customers Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
