Semanteon Capital Management LP Purchases Shares of 19,701 Customers Bancorp, Inc. (NYSE:CUBI)

Semanteon Capital Management LP purchased a new stake in shares of Customers Bancorp, Inc. (NYSE:CUBI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,701 shares of the bank’s stock, valued at approximately $1,135,000. Semanteon Capital Management LP owned about 0.06% of Customers Bancorp as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in CUBI. BluePath Capital Management LLC purchased a new position in shares of Customers Bancorp in the 3rd quarter worth approximately $31,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Customers Bancorp by 14.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,796 shares of the bank’s stock worth $303,000 after buying an additional 1,125 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Customers Bancorp in the 4th quarter worth approximately $78,000. Yousif Capital Management LLC boosted its stake in shares of Customers Bancorp by 11.3% in the 4th quarter. Yousif Capital Management LLC now owns 15,582 shares of the bank’s stock worth $898,000 after buying an additional 1,580 shares during the last quarter. Finally, Wakefield Asset Management LLLP raised its holdings in shares of Customers Bancorp by 9.3% in the 4th quarter. Wakefield Asset Management LLLP now owns 21,920 shares of the bank’s stock worth $1,263,000 after purchasing an additional 1,859 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Price Performance

Shares of Customers Bancorp stock traded down $0.54 during trading on Thursday, hitting $49.53. The stock had a trading volume of 284,162 shares, compared to its average volume of 288,183. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 6.78 and a beta of 1.67. Customers Bancorp, Inc. has a 12 month low of $15.80 and a 12 month high of $60.09. The business’s 50-day moving average is $51.63 and its 200 day moving average is $48.89. 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 (NYSE:CUBI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.14. Customers Bancorp had a net margin of 17.23% and a return on equity of 18.75%. The firm had revenue of $191.18 million for the quarter, compared to analysts’ expectations of $187.87 million. As a group, sell-side analysts anticipate that Customers Bancorp, Inc. will post 6.85 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

CUBI has been the topic of a number of research reports. 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. Jefferies Financial Group lifted their price target on shares of Customers Bancorp from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, April 8th. B. Riley lifted their price target on shares of Customers Bancorp from $62.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Raymond James lifted 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. Two equities research 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. According to MarketBeat, Customers Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $61.86.

Customers Bancorp Company 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.