WINTON GROUP Ltd increased its position in shares of Customers Bancorp, Inc (NYSE:CUBI – Free Report) by 43.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 29,848 shares of the bank’s stock after buying an additional 9,073 shares during the quarter. WINTON GROUP Ltd’s holdings in Customers Bancorp were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Customers Bancorp by 247,273.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 222,636 shares of the bank’s stock valued at $16,279,000 after acquiring an additional 222,546 shares during the period. HighTower Advisors LLC acquired a new position in shares of Customers Bancorp during the 4th quarter worth about $1,534,000. Thrivent Financial for Lutherans lifted its position in shares of Customers Bancorp by 213.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 66,516 shares of the bank’s stock worth $4,864,000 after purchasing an additional 45,299 shares during the last quarter. Summit Global Investments bought a new stake in Customers Bancorp during the 2nd quarter valued at approximately $1,016,000. Finally, Intech Investment Management LLC boosted its stake in Customers Bancorp by 255.1% during the 4th quarter. Intech Investment Management LLC now owns 120,617 shares of the bank’s stock valued at $8,820,000 after purchasing an additional 86,654 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Chairman Jay Sidhu sold 68,821 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $80.09, for a total value of $5,511,873.89. Following the sale, the chairman owned 667,757 shares in the company, valued at approximately $53,480,658.13. The trade was a 9.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 100,000 shares of company stock worth $7,981,084 over the last three months. 10.45% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on CUBI
Customers Bancorp Trading Up 0.0%
Shares of CUBI opened at $78.87 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.01. The stock has a market cap of $2.66 billion, a PE ratio of 9.62 and a beta of 1.47. Customers Bancorp, Inc has a 1 year low of $59.34 and a 1 year high of $84.38. The stock has a 50 day simple moving average of $79.14 and a 200-day simple moving average of $75.42.
Customers Bancorp (NYSE:CUBI – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $2.05 EPS for the quarter, beating the consensus estimate of $2.00 by $0.05. Customers Bancorp had a return on equity of 13.80% and a net margin of 19.07%.The business had revenue of $227.28 million for the quarter, compared to analyst estimates of $229.24 million. During the same quarter in the previous year, the firm earned $1.80 EPS. Customers Bancorp’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that Customers Bancorp, Inc will post 8.42 EPS for the current fiscal year.
Customers Bancorp Company Profile
Customers Bancorp, Inc is a bank holding company headquartered in Wyomissing, Pennsylvania. Through its principal subsidiary, Customers Bank, the company provides banking services to businesses, institutions, professionals and individual consumers.
Customers Bank offers commercial and industrial lending, commercial real estate loans, small business financing, residential and consumer loans, deposit accounts, cash-management services and other treasury-management solutions. The bank also operates specialty and digital banking businesses designed to support technology companies, venture-backed businesses, financial institutions and other commercial clients.
Customers Bancorp was established in 2009 and has developed from a regional banking organization into a bank with both Mid-Atlantic operations and nationally oriented specialty-finance and digital capabilities.
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