Fri Sep 20 08:40:48 UTC 2024: ## Quest Partners Cuts Customers Bancorp Holdings by 94.9%

**New York, NY – September 20, 2024** – Quest Partners LLC significantly reduced its stake in Customers Bancorp, Inc. (NYSE: CUBI) during the second quarter, selling off 12,454 shares, according to HoldingsChannel.com. This represents a 94.9% decrease in their holdings, leaving them with just 671 shares valued at $32,000.

While Quest Partners has reduced its stake, other hedge funds have been making moves in the company. Ridgewood Investments LLC, Innealta Capital LLC, Aigen Investment Management LP, Coldstream Capital Management Inc., and Capstone Investment Advisors LLC all acquired new positions in Customers Bancorp during various quarters.

This activity reflects a mixed sentiment towards Customers Bancorp among institutional investors, with hedge funds owning 89.29% of the company’s stock.

**CUBI stock opened at $49.55 on Friday**, with a market capitalization of $1.56 billion. The company boasts a P/E ratio of 6.92 and a beta of 1.62, suggesting potential volatility.

**In other news**, Customers Bancorp CEO Samvir S. Sidhu purchased 2,500 shares of the company’s stock on August 13th, at an average cost of $45.53 per share, bringing his total holdings to 144,504 shares, valued at $6,579,267.12.

**Analyst sentiment on CUBI remains mixed.** While Keefe, Bruyette & Woods and Jefferies Financial Group have reduced their price targets, B. Riley, Wedbush, and Hovde Group have adjusted their ratings and price targets. Overall, the company has an average rating of “Moderate Buy” and an average price target of $65.50.

**Customers Bancorp, Inc. operates as a bank holding company for Customers Bank, offering a range of financial products and services to individuals and businesses.**

**To get the latest 13F filings and insider trades for Customers Bancorp, Inc. (NYSE: CUBI), visit HoldingsChannel.com.**

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