Gator Capital Management LLC Sells 10,165 Shares of Customers Bancorp, Inc $CUBI

Gator Capital Management LLC decreased its holdings in Customers Bancorp, Inc (NYSE:CUBI) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,250 shares of the bank’s stock after selling 10,165 shares during the quarter. Customers Bancorp comprises approximately 3.1% of Gator Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Gator Capital Management LLC’s holdings in Customers Bancorp were worth $9,883,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CUBI. Jones Financial Companies Lllp acquired a new position in shares of Customers Bancorp during the 1st quarter worth $37,000. Corton Capital Inc. purchased a new position in Customers Bancorp in the second quarter valued at about $207,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Customers Bancorp during the 2nd quarter valued at approximately $239,000. Ground Swell Capital LLC acquired a new stake in shares of Customers Bancorp during the 1st quarter valued at approximately $208,000. Finally, Creative Planning purchased a new stake in shares of Customers Bancorp during the 2nd quarter worth approximately $250,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CUBI shares. TD Cowen raised their price objective on Customers Bancorp from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Wall Street Zen upgraded Customers Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Customers Bancorp in a research report on Monday. Zacks Research raised shares of Customers Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Cowen restated a “buy” rating on shares of Customers Bancorp in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Customers Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $82.88.

Insider Buying and Selling

In other news, CEO Jay S. Sidhu sold 24,784 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $68.05, for a total value of $1,686,551.20. Following the completion of the sale, the chief executive officer directly owned 928,217 shares in the company, valued at approximately $63,165,166.85. The trade was a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Philip Watkins sold 2,900 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $65.04, for a total transaction of $188,616.00. Following the completion of the transaction, the executive vice president directly owned 50,849 shares in the company, valued at $3,307,218.96. This represents a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 83,715 shares of company stock worth $5,695,779. Corporate insiders own 8.69% of the company’s stock.

Customers Bancorp Price Performance

CUBI stock opened at $68.90 on Friday. The stock has a 50-day moving average price of $66.24 and a two-hundred day moving average price of $62.83. Customers Bancorp, Inc has a 12-month low of $40.75 and a 12-month high of $72.51. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market cap of $2.35 billion, a PE ratio of 13.98 and a beta of 1.64.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Monday, September 8th. The bank reported $1.80 EPS for the quarter. The company had revenue of $206.82 million for the quarter. Customers Bancorp had a return on equity of 13.24% and a net margin of 12.43%. As a group, research analysts predict that Customers Bancorp, Inc will post 6.45 EPS for the current year.

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.