Customers Bancorp, Inc. (NYSE:CUBI) Insider Glenn Hedde Sells 15,815 Shares of Stock

Customers Bancorp, Inc. (NYSE:CUBI) insider Glenn Hedde sold 15,815 shares of Customers Bancorp stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $58.25, for a total transaction of $921,223.75. Following the completion of the sale, the insider now directly owns 55,211 shares of the company’s stock, valued at approximately $3,216,040.75. The trade was a 22.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Glenn Hedde also recently made the following trade(s):

• On Wednesday, November 6th, Glenn Hedde sold 5,002 shares of Customers Bancorp stock. The stock was sold at an average price of $53.68, for a total value of $268,507.36.

Customers Bancorp Stock Down 0.1 %

NYSE CUBI opened at $57.15 on Friday. Customers Bancorp, Inc. has a twelve month low of $42.31 and a twelve month high of $68.49. The stock has a market cap of $1.79 billion, a PE ratio of 9.28 and a beta of 1.68. The firm has a 50-day simple moving average of $51.66 and a 200 day simple moving average of $51.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.92 and a current ratio of 0.93.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15. Customers Bancorp had a return on equity of 13.55% and a net margin of 15.22%. On average, research analysts forecast that Customers Bancorp, Inc. will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CUBI shares. Keefe, Bruyette & Woods raised their price objective on Customers Bancorp from $62.00 to $67.00 and gave the company a “market perform” rating in a research note on Monday. B. Riley boosted their price objective on shares of Customers Bancorp from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Maxim Group upped their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson lifted their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Monday. Finally, StockNews.com upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, December 1st. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Customers Bancorp presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Institutional Investors Weigh In On Customers Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of CUBI. Basswood Capital Management L.L.C. acquired a new stake in shares of Customers Bancorp during the 3rd quarter valued at about $26,000. R Squared Ltd acquired a new stake in Customers Bancorp during the fourth quarter valued at approximately $42,000. GAMMA Investing LLC grew its stake in shares of Customers Bancorp by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,580 shares of the bank’s stock valued at $73,000 after purchasing an additional 282 shares during the period. KBC Group NV raised its holdings in shares of Customers Bancorp by 82.8% in the 4th quarter. KBC Group NV now owns 1,495 shares of the bank’s stock worth $73,000 after buying an additional 677 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of Customers Bancorp by 143.4% during the 3rd quarter. Quest Partners LLC now owns 1,633 shares of the bank’s stock worth $76,000 after buying an additional 962 shares during the period. Institutional investors own 89.29% of the company’s stock.

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.