Ameriprise Financial Inc Disclosed New Customers Bancorp, Inc Position

February 15, 2018 - By Adrian Erickson

 Ameriprise Financial Inc Disclosed New Customers Bancorp, Inc Position

Investors sentiment decreased to 1.18 in 2017 Q3. Its down 0.45, from 1.63 in 2017Q2. It is negative, as 15 investors sold Customers Bancorp, Inc. shares while 53 reduced holdings. 24 funds opened positions while 56 raised stakes. 25.90 million shares or 0.33% more from 25.81 million shares in 2017Q2 were reported.

Wells Fargo Com Mn has 0% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 132,204 shares. Dimensional Fund L P invested in 0.03% or 2.14 million shares. State Common Retirement Fund invested in 0% or 30,900 shares. Macquarie Group Incorporated has 0% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 40,100 shares. Us Financial Bank De reported 3,264 shares. American Century Companies Incorporated reported 0% in Customers Bancorp, Inc. (NYSE:CUBI). Opus Grp Inc Lc has 0.72% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 96,846 shares. Delphi Mngmt Ma invested in 0.98% or 53,565 shares. Texas Permanent School Fund reported 0.01% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Moreover, Vantage Investment Advisors Lc has 0% invested in Customers Bancorp, Inc. (NYSE:CUBI). Principal Fin Group Inc, a Iowa-based fund reported 249,828 shares. Citigroup owns 0% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 129,905 shares. Bridgeway Cap Mngmt Incorporated owns 0.03% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 71,000 shares. Weik Inv Services stated it has 10,250 shares or 0.16% of all its holdings. Blb&B Advisors Limited Com invested 0.05% in Customers Bancorp, Inc. (NYSE:CUBI).

Since February 5, 2018, it had 0 buys, and 1 insider sale for $15,261 activity.

The New Ameriprise Financial Inc Holding in Customers Bancorp, Inc

Ameriprise Financial Inc reported SC 13G/A form with the SEC for Customers Bancorp, Inc. Access it here: 000119312518045369. As reported by Ameriprise Financial Inc, the filler owns 2.06% or 637,650 shares of the Finance–company.

Customers Bancorp, Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Customers Bancorp, Inc.

Customers Bancorp, Inc Institutional Sentiment

Filings show 124 investors own Customers Bancorp, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 9206973. 29353445 were owned by these investors. 17 funds opened new Customers Bancorp, Inc stakes, 59 increased positions. There were 12 that closed positions and 31 reduced them.

4 investors had the stock in their top 10. Some are: Hillcrest Asset Management Llc, Baldwin Investment Management Llc, First Wilshire Securities Management Inc, Zpr Investment Management, Tieton Capital Management Llc, Menta Capital Llc..

Aristotle Capital Boston Llc is an investor bullish on Customers Bancorp, Inc, owning 275749 shares as of Q3 2015 for 1.73% of its portfolio. Opus Capital Group Llc owns 298889 shares or 1.30% of its portfolio. WA Tieton Capital Management Llc have 5.82% of its portfolio for 242593 shares. Further, First Wilshire Securities Management Inc reported stake worth 3.51% of its portfolio. The TX Hodges Capital Management Inc owns 50000 shares. Customers Bancorp, Inc is 0.05% of its portfolio.

Business Profile

Customers Bancorp, Inc. (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches and offices in Southeastern Pennsylvania (Bucks, Berks, Chester, Delaware and Philadelphia Counties), Rye Brook, Melville and New York, New York (Westchester, Suffolk and New York Counties), Hamilton, New Jersey (Mercer County), Providence, Rhode Island (Providence County), Portsmouth, New Hampshire (Rockingham County) and Boston, Massachusetts (Suffolk County). The Bank also provides liquidity to the mortgage market nationwide through the operation of its loans to mortgage banking companies. The Bank offers a range of traditional loan and deposit banking products, and financial services. Customers Bank offers a range of lending products.

SEC Form 13G.

The stock decreased 0.37% or $0.11 during the last trading session, reaching $29.71. About 74,781 shares traded. Customers Bancorp, Inc. (NYSE:CUBI) has risen 10.83% since February 15, 2017 and is uptrending. It has underperformed by 5.87% the S&P500.

Customers Bancorp, Inc. operates as the bank holding firm for Customers Bank that provides financial services and products to small and middle market businesses, not-for-profits, and consumers. The company has market cap of $932.37 million. The firm accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit. It has a 15.08 P/E ratio. The Company’s loan products include commercial lending products comprising business banking commercial and industrial lending; small and middle market business banking, such as small business administration loans; multi-family and commercial real estate lending; and commercial loans to mortgage originators, as well as consumer lending products comprising mortgage and home equity lending.

Customers Bancorp, Inc. (NYSE:CUBI) Ratings Coverage

Among 8 analysts covering Customers Bancorp (NYSE:CUBI), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Customers Bancorp has $50 highest and $29 lowest target. $38.13’s average target is 28.34% above currents $29.71 stock price. Customers Bancorp had 27 analyst reports since October 30, 2015 according to SRatingsIntel. The rating was maintained by Maxim Group on Monday, November 20 with “Buy”. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Wednesday, February 1, the company rating was maintained by Maxim Group. Keefe Bruyette & Woods maintained Customers Bancorp, Inc. (NYSE:CUBI) on Wednesday, May 31 with “Hold” rating. The company was maintained on Thursday, June 8 by Maxim Group. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Tuesday, September 20. The rating was maintained by FBR Capital on Friday, October 30 with “Outperform”. On Thursday, January 25 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by Boenning & Scattergood with “Buy” on Thursday, July 27.

More important recent Customers Bancorp, Inc. (NYSE:CUBI) news were published by: Globenewswire.com which released: “Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C …” on February 14, 2018, also Streetinsider.com published article titled: “Form 4 Customers Bancorp, Inc. For: Feb 05 Filed by: Hedde Glenn”, Readingeagle.com published: “Customers Bancorp reports strong fourth quarter” on January 25, 2018. More interesting news about Customers Bancorp, Inc. (NYSE:CUBI) was released by: Zacks.com and their article: “Should You Buy Customers Bancorp (CUBI) Ahead of Earnings? January 22, 2018” with publication date: January 22, 2018.

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