Fox Run Management L.L.C. Makes New Investment in Customers Bancorp, Inc. (NYSE:CUBI)

Fox Run Management L.L.C. acquired a new stake in Customers Bancorp, Inc. (NYSE:CUBI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,266 shares of the bank’s stock, valued at approximately $548,000.

Several other large investors also recently modified their holdings of CUBI. Picton Mahoney Asset Management boosted its position in Customers Bancorp by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank’s stock valued at $28,000 after acquiring an additional 189 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Customers Bancorp by 3.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank’s stock valued at $473,000 after purchasing an additional 302 shares in the last quarter. SG Americas Securities LLC grew its stake in Customers Bancorp by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank’s stock worth $272,000 after purchasing an additional 333 shares during the period. Basswood Capital Management L.L.C. bought a new stake in Customers Bancorp in the third quarter worth approximately $26,000. Finally, Swiss National Bank lifted its stake in Customers Bancorp by 1.0% in the fourth quarter. Swiss National Bank now owns 59,200 shares of the bank’s stock valued at $2,882,000 after buying an additional 600 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Customers Bancorp Stock Performance

Shares of CUBI opened at $52.91 on Tuesday. Customers Bancorp, Inc. has a 52 week low of $42.31 and a 52 week high of $68.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a 50 day moving average price of $53.36 and a two-hundred day moving average price of $50.88. The firm has a market capitalization of $1.66 billion, a P/E ratio of 10.41 and a beta of 1.74.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.36 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 analysts forecast that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CUBI. DA Davidson raised their price objective 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. StockNews.com upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, December 1st. Keefe, Bruyette & Woods upped their price objective on shares of Customers Bancorp from $62.00 to $67.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Maxim Group raised their target price on Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $58.00 target price on shares of Customers Bancorp in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Insider Activity

In other news, CEO Jay S. Sidhu sold 33,173 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $57.25, for a total transaction of $1,899,154.25. Following the completion of the sale, the chief executive officer now directly owns 1,032,723 shares of the company’s stock, valued at $59,123,391.75. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Glenn Hedde sold 15,815 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following the completion of the transaction, the insider now directly owns 55,211 shares in the company, valued at $3,216,040.75. This trade represents a 22.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,988 shares of company stock worth $6,627,318 over the last quarter. Insiders own 6.92% of the company’s stock.

Customers Bancorp Company 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.