17,609 Shares in Customers Bancorp, Inc. (NYSE:CUBI) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new position in Customers Bancorp, Inc. (NYSE:CUBIFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,609 shares of the bank’s stock, valued at approximately $607,000. Campbell & CO Investment Adviser LLC owned about 0.06% of Customers Bancorp at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Aristotle Capital Boston LLC grew its stake in shares of Customers Bancorp by 1.0% during the second quarter. Aristotle Capital Boston LLC now owns 583,364 shares of the bank’s stock worth $17,653,000 after acquiring an additional 5,493 shares during the last quarter. Olympiad Research LP acquired a new position in shares of Customers Bancorp in the 3rd quarter valued at $283,000. Quantbot Technologies LP lifted its position in Customers Bancorp by 101.5% during the 3rd quarter. Quantbot Technologies LP now owns 25,482 shares of the bank’s stock worth $878,000 after acquiring an additional 12,836 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Customers Bancorp by 4.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 293,096 shares of the bank’s stock valued at $10,097,000 after purchasing an additional 13,556 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Customers Bancorp in the third quarter valued at about $611,000. 82.12% of the stock is owned by institutional investors and hedge funds.

Customers Bancorp Stock Performance

CUBI opened at $51.54 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.92. The firm’s fifty day simple moving average is $53.11 and its two-hundred day simple moving average is $43.02. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 7.05 and a beta of 1.69. Customers Bancorp, Inc. has a 52-week low of $6.87 and a 52-week high of $60.09.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CUBI. Raymond James increased their price target on shares of 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 price target on shares of Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Piper Sandler lifted their price objective on Customers Bancorp from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, B. Riley upped 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. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Check Out Our Latest Research Report on Customers Bancorp

Insider Transactions at Customers Bancorp

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

About Customers Bancorp

(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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