Dupont Capital Management Corp Sells 3,698 Shares of Customers Bancorp Inc (CUBI)

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Dupont Capital Management Corp reduced its stake in Customers Bancorp Inc (NYSE:CUBI) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 76,038 shares of the bank’s stock after selling 3,698 shares during the quarter. Dupont Capital Management Corp’s holdings in Customers Bancorp were worth $1,384,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Customers Bancorp by 116.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,726 shares of the bank’s stock valued at $31,000 after acquiring an additional 928 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Customers Bancorp by 2,252.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,364 shares of the bank’s stock valued at $143,000 after acquiring an additional 3,221 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Customers Bancorp in the 4th quarter valued at about $185,000. SG Americas Securities LLC lifted its holdings in shares of Customers Bancorp by 77.5% in the 4th quarter. SG Americas Securities LLC now owns 16,414 shares of the bank’s stock valued at $299,000 after acquiring an additional 7,169 shares during the last quarter. Finally, LaSalle Street Capital Management LLC bought a new position in shares of Customers Bancorp in the 3rd quarter valued at about $443,000. 78.47% of the stock is currently owned by institutional investors.

Shares of NYSE CUBI opened at $19.94 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $631.85 million, a price-to-earnings ratio of 8.21, a PEG ratio of 0.93 and a beta of 0.80. Customers Bancorp Inc has a 1 year low of $16.72 and a 1 year high of $32.34.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The business had revenue of $61.50 million during the quarter, compared to the consensus estimate of $64.38 million. Customers Bancorp had a net margin of 15.03% and a return on equity of 12.82%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. On average, sell-side analysts predict that Customers Bancorp Inc will post 2.15 earnings per share for the current fiscal year.

A number of research analysts recently commented on CUBI shares. Boenning Scattergood reaffirmed a “buy” rating and issued a $22.75 price target on shares of Customers Bancorp in a report on Wednesday, December 26th. Maxim Group set a $38.00 price objective on shares of Customers Bancorp and gave the stock a “buy” rating in a research note on Friday, December 21st. Sandler O’Neill raised shares of Customers Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Monday, October 15th. Zacks Investment Research raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, B. Riley downgraded shares of Customers Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $29.00 to $23.00 in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.29.

In other Customers Bancorp news, COO Richard A. Ehst sold 13,370 shares of the firm’s stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $18.01, for a total value of $240,793.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.71% of the stock is owned by company insiders.

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Customers Bancorp Profile

Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to small and middle market businesses, not-for-profits, and consumers. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Customers Bancorp (NYSE:CUBI)

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