Key Points
- EVP Philip Watkins sold 2,900 shares on November 24 at an average of $65.04 for $188,616, cutting his stake by 5.40% to 50,849 shares valued at about $3.31 million.
- CUBI stock opened at $69.31, sits within a 52‑week range of $40.75–$72.51, and the company has a market cap of $2.37 billion with a P/E of 14.06.
- Analysts hold a consensus "Moderate Buy" with a $82.88 target after recent raises (TD Cowen to $95, DA Davidson to $88), and institutional investors own roughly 89.3% of the shares.
Customers Bancorp, Inc (NYSE:CUBI - Get Free Report) EVP Philip Watkins sold 2,900 shares of the business's stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $65.04, for a total value of $188,616.00. Following the completion of the sale, the executive vice president directly owned 50,849 shares of the company's stock, valued at $3,307,218.96. This represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Customers Bancorp Stock Performance
Shares of NYSE CUBI opened at $69.31 on Wednesday. The business's 50-day simple moving average is $66.14 and its 200-day simple moving average is $62.64. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 0.98. Customers Bancorp, Inc has a 52 week low of $40.75 and a 52 week high of $72.51. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 14.06 and a beta of 1.64.
Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its earnings results on Monday, September 8th. The bank reported $1.80 earnings per share (EPS) for the quarter. Customers Bancorp had a return on equity of 13.24% and a net margin of 12.43%.The firm had revenue of $206.82 million during the quarter. As a group, equities research analysts expect that Customers Bancorp, Inc will post 6.45 earnings per share for the current fiscal year.
Institutional Trading of Customers Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Customers Bancorp during the 3rd quarter worth about $29,000. Jones Financial Companies Lllp acquired a new stake in Customers Bancorp during the first quarter worth about $37,000. Farther Finance Advisors LLC increased its stake in Customers Bancorp by 63.1% during the third quarter. Farther Finance Advisors LLC now owns 672 shares of the bank's stock valued at $44,000 after acquiring an additional 260 shares during the period. Aster Capital Management DIFC Ltd increased its stake in Customers Bancorp by 451.2% during the third quarter. Aster Capital Management DIFC Ltd now owns 937 shares of the bank's stock valued at $61,000 after acquiring an additional 767 shares during the period. Finally, CX Institutional acquired a new position in Customers Bancorp in the 3rd quarter valued at approximately $67,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Customers Bancorp in a research note on Monday. TD Cowen upped their price target on shares of Customers Bancorp from $89.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 27th. DA Davidson raised their price target on Customers Bancorp from $77.00 to $88.00 and gave the company a "buy" rating in a research report on Monday, October 27th. Cowen reiterated a "buy" rating on shares of Customers Bancorp in a research note on Monday, October 27th. Finally, Hovde Group boosted their price objective on Customers Bancorp from $70.00 to $75.00 and gave the stock a "market perform" rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.88.
Read Our Latest Stock Analysis on Customers Bancorp
Customers Bancorp Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
