Customers Bancorp Inc.’s recent filing unveils that its Director Banks Bernard Bennett acquired Company’s shares for reported $19986.0 on May 11. In the deal valued at $39.97 per share,500 shares were bought. As a result of this transaction, Banks Bernard Bennett now holds 2,156 shares worth roughly $ 75093.48.
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Then, Sidhu Samvir S. bought 2,965 shares, generating $124,826 in total proceeds. Upon buying the shares at $42.10, the President, CEO now owns 80,637 shares.
Before that, Leibold Carla A bought 1,000 shares. Customers Bancorp Inc. shares valued at $42,100 were divested by the Chief Financial Officer at a price of $42.10 per share. As a result of the transaction, Leibold Carla A now holds 68,348 shares, worth roughly $2.38 million.
Following these proceedings, Keefe Bruyette upgraded its Customers Bancorp Inc. [CUBI] rating to an Outperform from a a Mkt perform in a research note published on Tuesday, March 29, 2022; the price target was increased to $80 from $72. PT values the company’s stock at a premium of 56.46 to its Tuesday closing price. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in late March with a ‘”an Equal-weight”‘ rating. Wedbush began covering CUBI with a “an Outperform” recommendation on January 15, 2021. Jefferies started covering the stock on December 04, 2020. It rated CUBI as “a Buy”.
Price Performance Review of CUBI
On Tuesday, Customers Bancorp Inc. [NYSE:CUBI] saw its stock jump 1.37% to $34.83. On the same session, the stock had its day’s lowest price of $34.34, but rose to a high of $35.6398. Over the last five days, the stock has gained 6.61%. Customers Bancorp Inc. shares have fallen nearly -46.72% since the year began. Nevertheless, the stocks have fallen -12.31% over the past one year. While a 52-week high of $76.13 was reached on 01/07/22, a 52-week low of $32.19 was recorded on 06/14/22. SMA at 50 days reached $40.69, while 200 days put it at $51.59. A total of 0.57 million shares were traded, compared to the trading of 0.83 million shares in the previous session.
Levels Of Support And Resistance For CUBI Stock
The 24-hour chart illustrates a support level at 34.23, which if violated will result in even more drops to 33.64. On the upside, there is a resistance level at 35.53. A further resistance level may holdings at 36.24. The Relative Strength Index (RSI) on the 14-day chart is 38.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.67%. Stochastics %K at 24.09% indicates the stock is a holding.
Customers Bancorp Inc. [CUBI] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,463,819 shares, or roughly 13.53% of the outstanding CUBI shares. In other words, the investor’s shares have risen by 192,940 from its previous 13-F filing of 4270879.0. Additionally, SSgA Funds Management, Inc. increased 56.27% of its stake after which the total value it holdings stand at $94,286,744, while Dimensional Fund Advisors LP reduced -2.37% of its stake to hold $93.68 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 36,465 shares of Customers Bancorp Inc., while Lord, Abbett & Co. LLC bought -303,645 shares. At present, Victory Capital Management, Inc. is holding 998,379 shares valued at $41.23 million. Basswood Capital Management LLC owned 843,391 shares of the company at the time of its most recent 13F filing, worth $34.83 million.