Carla A. Leibold acquires 1,000 shares of Customers Bancorp, Inc. (NYSE: CUBI)


Bancorp, Inc. Customers (NYSE: CUBIGet a rating) Chief Financial Officer Carla A. Leibold purchased 1,000 shares of the company in a transaction dated Friday, May 6. The shares were acquired at an average cost of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the transaction, the CFO now owns 68,348 shares of the company, valued at approximately $2,877,450.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

NYSE: CUBI opened at $43.12 on Friday. The company has a market capitalization of $1.42 billion, a PE ratio of 4.30 and a beta of 1.58. The stock has a 50-day moving average of $49.95 and a 200-day moving average of $56.88. Bancorp, Inc. Customers has a 52-week minimum of $33.25 and a 52-week maximum of $76.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt ratio of 0.15.

CUBI has been the subject of several analyst reports. StockNews.com launched coverage on Customers Bancorp in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Maxim Group reissued a “buy” rating and posted a price target of $85.00 on Customers Bancorp stock in a Friday, April 29 report. Stephens began covering Customers Bancorp in a report on Monday, March 28. They issued an “equal weight” rating and a price target of $62.50 for the company. Zacks Investment Research moved Customers Bancorp from a “hold” rating to a “buy” rating and set a price target of $48.00 for the company in a report on Friday. Finally, B. Riley lowered his price target on Customers Bancorp from $100.00 to $90.00 in a Tuesday, April 12 report. Four equity research analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat, the stock currently has an average buy rating and an average price target of $69.31.

Several large investors have recently bought and sold shares of CUBI. Victory Capital Management Inc. increased its holdings of Customers Bancorp stock by 501.5% during the fourth quarter. Victory Capital Management Inc. now owns 570,420 shares of the bank valued at $37,288,000 after purchasing an additional 475,590 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in Customers Bancorp shares by 258.6% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 520,600 shares of the bank worth $34,032,000 after purchasing an additional 375,419 shares during the period. Emerald Advisers LLC increased its position in Customers Bancorp shares by 4,060.0% during the fourth quarter. Emerald Advisers LLC now owns 333,636 shares of the bank worth $21,810,000 after purchasing an additional 325,616 shares during the period. Toroso Investments LLC acquired a new position in Customers Bancorp stock during the fourth quarter worth approximately $14,603,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in Customers Bancorp stock during the fourth quarter worth approximately $13,336,000. 83.48% of the shares are held by institutional investors.

About Bancorp Customers (Get a rating)

Customers Bancorp, Inc operates as a banking holding company for Customers Bank which provides financial products and services to individuals and small and medium businesses. The Company offers deposit products, including checking, savings, MMDA and other deposit accounts. It offers lending products, including commercial warehouse mortgages, multifamily and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgages and installment loans.

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