In a filing, Customers Bancorp Inc revealed its President, CEO Sidhu Samvir S. acquired Company’s shares for reported $0.11 million on Aug 13 ’24. In the deal valued at $45.53 per share,2,500 shares were bought. As a result of this transaction, Sidhu Samvir S. now holds 144,504 shares worth roughly $6.6 million.
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Then, Leibold Carla A sold 35,832 shares, generating $1,904,464 in total proceeds. Upon selling the shares at $53.15, the Chief Financial Officer now owns 41,224 shares.
Before that, Hedde Glenn sold 666 shares. Customers Bancorp Inc shares valued at $36,096 were divested by the Pres Mortgage WarehouseLending at a price of $54.20 per share. As a result of the transaction, Hedde Glenn now holds 69,428 shares, worth roughly $3.17 million.
Wedbush downgraded its Customers Bancorp Inc [CUBI] rating to a Neutral from a an Outperform in a research note published on September 24, 2024; the price target was decreased to $53 from $79. A number of analysts have revised their coverage, including Hovde Group’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Market perform”. Hovde Group also remained covering CUBI and reiterated its “an Outperform” recommendation on May 02, 2024.
Price Performance Review of CUBI
On Friday, Customers Bancorp Inc [NYSE:CUBI] saw its stock fall -0.98% to $45.68. Over the last five days, the stock has gained 2.72%. Customers Bancorp Inc shares have fallen nearly -20.72% since the year began. Nevertheless, the stocks have risen 12.82% over the past one year. While a 52-week high of $68.49 was reached on 07/26/24, a 52-week low of $39.00 was recorded on 06/11/24. SMA at 50 days reached $47.24, while 200 days put it at $49.95.
Levels Of Support And Resistance For CUBI Stock
The 24-hour chart illustrates a support level at 44.07, which if violated will result in even more drops to 42.45. On the upside, there is a resistance level at 47.12. A further resistance level may holdings at 48.55. The Relative Strength Index (RSI) on the 14-day chart is 46.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.54%. Stochastics %K at 27.49% indicates the stock is a holding.
How much short interest is there in Customers Bancorp Inc?
A steep rise in short interest was recorded in Customers Bancorp Inc stocks on 2024-10-15, dropping by -0.29 million shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.73 million shares. There was a decline of -12.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 29, 2023 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $60 price target.
