In a filing, Customers Bancorp Inc revealed its Chairman & CEO SIDHU JAY S unloaded Company’s shares for reported $3.81 million on Feb 04 ’25. In the deal valued at $56.82 per share,67,000 shares were sold. As a result of this transaction, SIDHU JAY S now holds 965,723 shares worth roughly $49.17 million.
Then, SIDHU JAY S sold 33,173 shares, generating $1,899,138 in total proceeds. Upon selling the shares at $57.25, the Chairman & CEO now owns 1,032,723 shares.
Before that, Jay Sidhu bought 100,173 shares. Customers Bancorp Inc shares valued at $5,684,818 were divested by the Officer at a price of $56.75 per share.
Keefe Bruyette downgraded its Customers Bancorp Inc [CUBI] rating to a Mkt perform from a an Outperform in a research note published on November 04, 2024; the price target was decreased to $52 from $57. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Neutral”. Hovde Group also remained covering CUBI and has decreased its forecast on August 09, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Hovde Group maintained its rating on May 02, 2024. It rated CUBI as “an Outperform”.
Price Performance Review of CUBI
On Tuesday, Customers Bancorp Inc [NYSE:CUBI] saw its stock jump 0.63% to $50.92. Over the last five days, the stock has lost -4.34%. Customers Bancorp Inc shares have risen nearly 4.60% since the year began. Nevertheless, the stocks have risen 14.43% over the past one year. While a 52-week high of $68.49 was reached on 01/28/25, a 52-week low of $40.75 was recorded on 04/04/25.
Levels Of Support And Resistance For CUBI Stock
The 24-hour chart illustrates a support level at 50.24, which if violated will result in even more drops to 49.55. On the upside, there is a resistance level at 51.50. A further resistance level may holdings at 52.08.
