Campbell & CO Investment Adviser LLC Invests $607,000 in Customers Bancorp, Inc. (NYSE:CUBI)

Campbell & CO Investment Adviser LLC purchased a new stake in Customers Bancorp, Inc. (NYSE:CUBIFree Report) in the third quarter, HoldingsChannel reports. The firm purchased 17,609 shares of the bank’s stock, valued at approximately $607,000.

Other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its position in shares of Customers Bancorp by 56.2% in the 1st quarter. MetLife Investment Management LLC now owns 16,550 shares of the bank’s stock valued at $863,000 after buying an additional 5,954 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Customers Bancorp by 2.1% in the first quarter. Rhumbline Advisers now owns 80,055 shares of the bank’s stock worth $4,174,000 after acquiring an additional 1,661 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Customers Bancorp by 15.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,104 shares of the bank’s stock worth $1,361,000 after acquiring an additional 3,567 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Customers Bancorp by 4.6% in the first quarter. BlackRock Inc. now owns 4,837,269 shares of the bank’s stock worth $252,216,000 after acquiring an additional 214,065 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Customers Bancorp by 1.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 26,354 shares of the bank’s stock worth $1,410,000 after purchasing an additional 398 shares in the last quarter. Institutional investors own 82.12% of the company’s stock.

Customers Bancorp Stock Performance

Shares of NYSE CUBI opened at $51.54 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. Customers Bancorp, Inc. has a 12 month low of $6.87 and a 12 month high of $60.09. The stock has a 50 day moving average of $53.11 and a 200-day moving average of $43.02. The company has a market capitalization of $1.61 billion, a P/E ratio of 7.05 and a beta of 1.69.

Insiders Place Their Bets

In related news, insider Glenn Hedde sold 1,335 shares of Customers Bancorp stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $48.49, for a total transaction of $64,734.15. Following the completion of the sale, the insider now owns 70,886 shares of the company’s stock, valued at approximately $3,437,262.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jay S. Sidhu sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $48.54, for a total value of $485,400.00. Following the completion of the transaction, the chief executive officer now directly owns 157,290 shares in the company, valued at approximately $7,634,856.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Glenn Hedde sold 1,335 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $48.49, for a total transaction of $64,734.15. Following the sale, the insider now owns 70,886 shares in the company, valued at approximately $3,437,262.14. The disclosure for this sale can be found here. Company insiders own 9.40% of the company’s stock.

Analyst Upgrades and Downgrades

CUBI has been the subject of a number of research reports. B. Riley increased their target price on Customers Bancorp from $62.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Raymond James increased their target price on Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Monday, January 29th. Wedbush lowered their target price on Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Finally, Piper Sandler increased their price objective on Customers Bancorp from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Get Our Latest Research Report on CUBI

Customers Bancorp Company Profile

(Free Report)

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.

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

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