Nisa Investment Advisors LLC Has $412,000 Stock Position in Customers Bancorp, Inc. (NYSE:CUBI)

Nisa Investment Advisors LLC reduced its position in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,152 shares of the bank’s stock after selling 580 shares during the period. Nisa Investment Advisors LLC’s holdings in Customers Bancorp were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CUBI. BluePath Capital Management LLC bought a new stake in Customers Bancorp in the 3rd quarter worth about $31,000. Gyon Technologies Capital Management LP bought a new stake in Customers Bancorp in the 4th quarter worth about $38,000. Coppell Advisory Solutions LLC bought a new stake in Customers Bancorp in the 2nd quarter worth about $56,000. Tower Research Capital LLC TRC grew its position in Customers Bancorp by 129.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,223 shares of the bank’s stock worth $41,000 after purchasing an additional 1,253 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in Customers Bancorp in the 3rd quarter worth about $87,000. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CUBI shares. Jefferies Financial Group upped their price objective on shares of Customers Bancorp from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Raymond James boosted their target price on shares of Customers Bancorp from $65.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Monday, January 29th. Wedbush dropped their target price on shares of Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Finally, B. Riley boosted their target price on shares of Customers Bancorp from $62.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Customers Bancorp has an average rating of “Moderate Buy” and an average target price of $61.86.

Insider Buying and Selling

In related news, CFO Carla A. Leibold sold 35,832 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $53.15, for a total transaction of $1,904,470.80. Following the sale, the chief financial officer now owns 41,224 shares of the company’s stock, valued at approximately $2,191,055.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Carla A. Leibold sold 35,832 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $53.15, for a total transaction of $1,904,470.80. Following the sale, the chief financial officer now owns 41,224 shares of the company’s stock, valued at approximately $2,191,055.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Glenn Hedde sold 666 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $54.20, for a total transaction of $36,097.20. Following the completion of the transaction, the insider now directly owns 69,428 shares in the company, valued at approximately $3,762,997.60. The disclosure for this sale can be found here. 9.40% of the stock is currently owned by insiders.

Customers Bancorp Stock Performance

Shares of CUBI stock opened at $46.45 on Thursday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 6.35 and a beta of 1.67. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $51.91 and its 200 day moving average is $48.33. Customers Bancorp, Inc. has a 12 month low of $15.80 and a 12 month high of $60.09.

Customers Bancorp (NYSE:CUBI) last posted its earnings results on Thursday, January 25th. The bank reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.14. The business had revenue of $191.18 million for the quarter, compared to analyst estimates of $187.87 million. Customers Bancorp had a net margin of 17.23% and a return on equity of 18.75%. On average, sell-side analysts anticipate that Customers Bancorp, Inc. will post 6.85 earnings per share for the current year.

Customers Bancorp 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.