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New Residential Investment Corp. (NRZ) Holder Balasa Dinverno & Foltz Has Boosted Stake; Customers Bancorp (CUBI) Shareholder Zpr Investment Management Lowered Position

Customers Bancorp, Inc. (NYSE:CUBI) Logo

Zpr Investment Management decreased its stake in Customers Bancorp Inc (CUBI) by 57.58% based on its latest 2018Q1 regulatory filing with the SEC. Zpr Investment Management sold 63,968 shares as the company’s stock declined 1.59% with the market. The institutional investor held 47,122 shares of the finance company at the end of 2018Q1, valued at $1.37 million, down from 111,090 at the end of the previous reported quarter. Zpr Investment Management who had been investing in Customers Bancorp Inc for a number of months, seems to be less bullish one the $962.59M market cap company. The stock decreased 0.49% or $0.15 during the last trading session, reaching $30.56. About 9,979 shares traded. Customers Bancorp, Inc. (NYSE:CUBI) has risen 3.95% since June 14, 2017 and is uptrending. It has underperformed by 8.62% the S&P500. Some Historical CUBI News: 20/04/2018 – DJ Customers Bancorp Inc, Inst Holders, 1Q 2018 (CUBI); 03/05/2018 – Customers Bancorp Presenting at Conference May 8; 30/04/2018 – CUSTOMERS BANCORP SEES YR NIM LOW END OF 2.70%-2.80% TARGET; 30/04/2018 – Customers Bancorp Reports First Quarter 2018 Net Income of $20.5 Million; Diluted EPS of $0.64; 30/04/2018 – CUSTOMERS BANCORP 1Q EPS 64C; 30/04/2018 – CUSTOMERS BANCORP 1Q ADJ EPS 67C, EST. 59C; 22/05/2018 – Customers Bancorp Closes Above 50-Day Moving Average; 03/04/2018 Customers Bank Named Top Minority Lender by Pennsylvania Housing Finance Agency; 30/04/2018 – CUSTOMERS BANCORP 1Q ADJ EPS 67C; 07/05/2018 – Customers Bancorp Presenting at Conference Tomorrow

Balasa Dinverno & Foltz Llc increased its stake in New Residential Investment Corp. (NRZ) by 325.47% based on its latest 2018Q1 regulatory filing with the SEC. Balasa Dinverno & Foltz Llc bought 70,978 shares as the company’s stock rose 8.06% while stock markets declined. The institutional investor held 92,786 shares of the real estate investment trusts company at the end of 2018Q1, valued at $1.53M, up from 21,808 at the end of the previous reported quarter. Balasa Dinverno & Foltz Llc who had been investing in New Residential Investment Corp. for a number of months, seems to be bullish on the $6.11B market cap company. The stock increased 0.66% or $0.12 during the last trading session, reaching $18.19. About 252,601 shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 9.56% since June 14, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

Balasa Dinverno & Foltz Llc, which manages about $2.77 billion and $659.77M US Long portfolio, decreased its stake in Fleetcor Technologies Inc. (NYSE:FLT) by 5,495 shares to 77,723 shares, valued at $15.74 million in 2018Q1, according to the filing. It also reduced its holding in Penumbra Inc by 2,935 shares in the quarter, leaving it with 27,306 shares, and cut its stake in Duke Energy.

More news for New Residential Investment Corp. (NYSE:NRZ) were recently published by: Gurufocus.com, which released: “Cheap Stocks in a Cheap Sector” on June 13, 2018. Seekingalpha.com‘s article titled: “Boston Scientific Is A Good Earnings Story – Cramer’s Lightning Round (6/13/18)” and published on June 14, 2018 is yet another important article.

Among 8 analysts covering New Residential Investment Corp (NYSE:NRZ), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. New Residential Investment Corp had 24 analyst reports since August 12, 2015 according to SRatingsIntel. On Sunday, August 27 the stock rating was maintained by Piper Jaffray with “Buy”. The stock of New Residential Investment Corp. (NYSE:NRZ) has “Outperform” rating given on Thursday, February 25 by FBR Capital. The company was maintained on Tuesday, September 12 by Keefe Bruyette & Woods. The company was initiated on Wednesday, December 23 by JMP Securities. Keefe Bruyette & Woods maintained the shares of NRZ in report on Tuesday, June 6 with “Buy” rating. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Outperform” rating by Wedbush on Thursday, January 18. Piper Jaffray maintained New Residential Investment Corp. (NYSE:NRZ) on Thursday, November 30 with “Buy” rating. On Wednesday, February 22 the stock rating was maintained by FBR Capital with “Outperform”. The rating was upgraded by Piper Jaffray on Monday, October 19 to “Overweight”. Barclays Capital maintained it with “Overweight” rating and $16 target in Wednesday, August 10 report.

Investors sentiment increased to 1.97 in 2018 Q1. Its up 0.66, from 1.31 in 2017Q4. It improved, as 20 investors sold NRZ shares while 57 reduced holdings. 44 funds opened positions while 108 raised stakes. 152.50 million shares or 9.96% more from 138.68 million shares in 2017Q4 were reported. Eqis Cap Management owns 10,004 shares. Jpmorgan Chase Communications reported 36,730 shares or 0% of all its holdings. 29,743 are owned by Alpha Cubed Invs Limited Liability Company. Penn Mutual Life Insur Co has invested 9.42% in New Residential Investment Corp. (NYSE:NRZ). Exane Derivatives stated it has 1 shares or 0% of all its holdings. Ares Management Ltd Llc has 0.04% invested in New Residential Investment Corp. (NYSE:NRZ) for 78,700 shares. Gideon Cap owns 0.15% invested in New Residential Investment Corp. (NYSE:NRZ) for 14,558 shares. Parallax Volatility Advisers LP owns 0% invested in New Residential Investment Corp. (NYSE:NRZ) for 7,878 shares. Menlo Advisors Ltd Liability holds 134,790 shares or 1.6% of its portfolio. Bessemer Group Inc Incorporated has 377 shares. Cambridge, Iowa-based fund reported 228,058 shares. Orinda Asset Management Lc has 130,400 shares for 3.61% of their portfolio. Cqs Cayman Lp holds 0.15% or 200,000 shares in its portfolio. Neuberger Berman Gp Limited Liability Co stated it has 0.01% in New Residential Investment Corp. (NYSE:NRZ). The Washington-based Parametric Port Ltd Liability Company has invested 0.01% in New Residential Investment Corp. (NYSE:NRZ).

Investors sentiment increased to 1.22 in 2018 Q1. Its up 0.30, from 0.92 in 2017Q4. It improved, as 22 investors sold CUBI shares while 46 reduced holdings. 26 funds opened positions while 57 raised stakes. 23.70 million shares or 0.61% less from 23.85 million shares in 2017Q4 were reported. Principal Fincl Grp, Iowa-based fund reported 243,728 shares. Comerica Fincl Bank reported 31,312 shares. Mutual Of America Cap Ltd Liability Corp holds 0% or 2,800 shares in its portfolio. Tiaa Cref Mgmt Limited Liability Co stated it has 0.01% in Customers Bancorp, Inc. (NYSE:CUBI). Zpr Investment Mgmt owns 47,122 shares for 1.98% of their portfolio. Pacific Ridge Cap Prtn Ltd Liability Corp has invested 0.54% in Customers Bancorp, Inc. (NYSE:CUBI). Arizona State Retirement Sys owns 0.01% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 46,542 shares. Georgia-based Cornercap Inv Counsel has invested 0.23% in Customers Bancorp, Inc. (NYSE:CUBI). Systematic Finance Limited Partnership holds 0.03% or 48,215 shares in its portfolio. Adams Diversified Equity Fund Inc holds 0.04% or 22,800 shares. Nordea Inv Management Ab invested 0.02% in Customers Bancorp, Inc. (NYSE:CUBI). 19,088 are held by Pub Sector Pension Board. Parametric Port Associate Ltd Com holds 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI) for 127,811 shares. Barclays Plc holds 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI) for 23,144 shares. Meeder Asset Mngmt Incorporated invested 0% in Customers Bancorp, Inc. (NYSE:CUBI).

Zpr Investment Management, which manages about $201.53M and $69.37 million US Long portfolio, upped its stake in Insight Enterprises Inc (NASDAQ:NSIT) by 19,730 shares to 57,640 shares, valued at $2.01M in 2018Q1, according to the filing. It also increased its holding in Plumas Bancorp (NASDAQ:PLBC) by 21,840 shares in the quarter, for a total of 87,915 shares, and has risen its stake in Tower Intl Inc (NYSE:TOWR).

More news for Customers Bancorp, Inc. (NYSE:CUBI) were recently published by: Globenewswire.com, which released: “Customers Bank Named SBA Preferred Lender” on June 04, 2018. Globenewswire.com‘s article titled: “Recent Analysis Shows Clementia Pharmaceuticals, Superior Group of Companies, ACM Research, Atlantic Capital …” and published on June 06, 2018 is yet another important article.

Since February 5, 2018, it had 0 insider buys, and 8 selling transactions for $5.02 million activity. Hedde Glenn also sold $15,124 worth of Customers Bancorp, Inc. (NYSE:CUBI) shares. Ehst Richard A had sold 11,871 shares worth $355,774 on Wednesday, May 23. The insider Issa Steven sold 11,949 shares worth $350,942.

Customers Bancorp, Inc. (NYSE:CUBI) Institutional Positions Chart

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