Janus Henderson Group PLC Has $1.09 Million Position in Customers Bancorp, Inc $CUBI

Janus Henderson Group PLC lessened its stake in shares of Customers Bancorp, Inc (NYSE:CUBI) by 84.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,722 shares of the bank’s stock after selling 84,443 shares during the period. Janus Henderson Group PLC’s holdings in Customers Bancorp were worth $1,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUBI. Vanguard Group Inc. grew its holdings in shares of Customers Bancorp by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 2,221,339 shares of the bank’s stock worth $162,424,000 after purchasing an additional 66,031 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Customers Bancorp by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,942,989 shares of the bank’s stock valued at $134,859,000 after purchasing an additional 65,954 shares in the last quarter. State Street Corp lifted its position in Customers Bancorp by 1.8% during the fourth quarter. State Street Corp now owns 1,832,570 shares of the bank’s stock worth $133,998,000 after purchasing an additional 32,449 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Customers Bancorp by 3,074.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,596 shares of the bank’s stock worth $63,732,000 after purchasing an additional 844,141 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Customers Bancorp by 213.0% during the first quarter. Assenagon Asset Management S.A. now owns 778,789 shares of the bank’s stock worth $54,056,000 after buying an additional 529,987 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on CUBI shares. DA Davidson boosted their target price on shares of Customers Bancorp from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Morgan Stanley increased their price target on shares of Customers Bancorp from $83.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Fundamental Research set a $94.00 price objective on shares of Customers Bancorp in a research note on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Customers Bancorp in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. upped their target price on Customers Bancorp from $86.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.69.

Insider Buying and Selling at Customers Bancorp

In related news, Chairman Jay S. Sidhu sold 68,821 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $80.09, for a total transaction of $5,511,873.89. Following the sale, the chairman owned 667,757 shares in the company, valued at $53,480,658.13. The trade was a 9.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 160,315 shares of company stock worth $12,578,896. Company insiders own 10.45% of the company’s stock.

Customers Bancorp Price Performance

Shares of NYSE:CUBI opened at $82.45 on Tuesday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 10.05 and a beta of 1.49. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $77.66 and a 200 day simple moving average of $74.73. Customers Bancorp, Inc has a one year low of $59.34 and a one year high of $83.95.

Customers Bancorp (NYSE:CUBI) last posted its earnings results on Thursday, July 23rd. The bank reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.05. The firm had revenue of $227.28 million for the quarter, compared to analysts’ expectations of $229.24 million. Customers Bancorp had a net margin of 19.07% and a return on equity of 13.80%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Research analysts predict that Customers Bancorp, Inc will post 8.43 earnings per share for the current fiscal year.

Customers Bancorp Company Profile

Customers Bancorp, Inc (NYSE: CUBI) is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.