Mraz Amerine & Associates Inc. Sells 2,375 Shares of Customers Bancorp, Inc. (NYSE:CUBI)

Mraz Amerine & Associates Inc. lessened its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,402 shares of the bank’s stock after selling 2,375 shares during the period. Mraz Amerine & Associates Inc. owned 0.12% of Customers Bancorp worth $1,869,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of Customers Bancorp by 14.2% in the third quarter. CWM LLC now owns 2,198 shares of the bank’s stock valued at $102,000 after acquiring an additional 274 shares in the last quarter. Sanctuary Advisors LLC grew its position in Customers Bancorp by 3.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank’s stock worth $473,000 after purchasing an additional 302 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Customers Bancorp by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 5,579 shares of the bank’s stock valued at $272,000 after acquiring an additional 333 shares during the period. Basswood Capital Management L.L.C. acquired a new position in shares of Customers Bancorp in the third quarter valued at about $26,000. Finally, KBC Group NV raised its position in Customers Bancorp by 82.8% during the 4th quarter. KBC Group NV now owns 1,495 shares of the bank’s stock worth $73,000 after buying an additional 677 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Customers Bancorp Stock Up 1.0 %

CUBI stock opened at $56.94 on Tuesday. Customers Bancorp, Inc. has a one year low of $42.31 and a one year 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 firm has a market cap of $1.79 billion, a PE ratio of 11.21 and a beta of 1.68. The firm’s 50 day moving average price is $51.95 and its 200-day moving average price is $50.50.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. On average, equities research analysts anticipate that Customers Bancorp, Inc. will post 6.33 EPS for the current year.

Wall Street Analyst Weigh In

CUBI has been the subject of a number of recent research reports. Stephens reiterated an “equal weight” rating and set a $58.00 price objective on shares of Customers Bancorp in a research note on Friday, January 24th. Piper Sandler dropped their price objective on Customers Bancorp from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. B. Riley upped their target price on Customers Bancorp from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. StockNews.com upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, December 1st. Finally, Maxim Group boosted their price target on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Insider Activity at Customers Bancorp

In other Customers Bancorp news, Director Robert Neil Mackay sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $53.78, for a total value of $215,120.00. Following the completion of the transaction, the director now owns 4,567 shares in the company, valued at $245,613.26. The trade was a 46.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jay S. Sidhu sold 67,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.82, for a total value of $3,806,940.00. Following the completion of the sale, the chief executive officer now owns 965,723 shares in the company, valued at approximately $54,872,380.86. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,988 shares of company stock worth $6,842,438. Insiders own 6.92% of the company’s stock.

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.