Customers Bancorp Inc. (CUBI): Analysis on latest insider activities

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Customers Bancorp Inc. (NYSE:CUBI) changes shares on Tuesday trading session, with a change of -0.69% or -$0.08 shares. The trading starts at $11.53 and closed at $11.67 throughout the day. The trading session low price was $11.50 and day high was $11.77 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.17 million while its average volume is 257.04K. In other hand, the CUBI market cap reached to $368.45M. While, its current target price is $16.40.

On May 16, 2018, BRIEF-Bancorp Inc Reports Termination Of Sale Of $36.9 Million Non-Performing Loan. According to the news reported on Reuters, * BANCORP INC – CO REPORTS TERMINATION OF PREVIOUSLY-ANNOUNCED SALE OF A $36.9 MILLION NON-PERFORMING LOAN – SEC FILING Source http://bit.ly/2IP3XWY Further company coverage:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 10.59% and up 2.48% for month. Its quarterly performance was -0.09% below, while its half year performance is down -47.67%. CUBI yearly performance stood at negative -38.61% and fall -51.32% for year-to-date. Current recommendation for Customers Bancorp Inc. is 2.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CUBI EPS (TTM) for 12-month is 1.66. EPS for this year is 15.40%, while for the next year its value is 2.62. Sales growth for the current quarter is 0.70 while its EPS Q/Q reached -104.40%. It has an EPS of 5.80% up for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on CUBI for the current month and previous month. For the current month, 1 of 5 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $13.00 – $27.00. Average target price for CUBI was reached at $17.20.

Blackrock Inc., Dimensional Fund Advisors LP and Vanguard Group, Inc. (The) are the top three holders in Customers Bancorp Inc. (CUBI) stock. On Mar 30, 2020, Blackrock Inc. has 4.52 million shares which valued 49.38 million. On Mar 30, 2020, Dimensional Fund Advisors LP owned 2.59 million shares which valued at 28.36 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 1.92 million shares which valued at 20.97 million. In the end, Vanguard Group, Inc. (The) have 6.09% shares outstanding of Customers Bancorp Inc. (CUBI) on Mar 30, 2020. The insider ownership moved to 7.50% and institutional holding shifted to 85.20%.

The company posted an EPS (TTM) of 1.66. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of 1.32, while 0.74 EPS posted a year ago period. Analyst Estimated EPS for CUBI published in the report was $0.73 – $1.84 during the same period. Comparing with last year, the average estimated EPS was 0.74 which is higher than 0.61 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CUBI fall -31.57% for period of 200 days. SMA for 50 days was 0.16% which is showing green signal, while SMA-20 was 4.68%. The moving average value for Customers Bancorp Inc. (CUBI) is 13.84 and 11.31 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CUBI stock. On Mar 30, Collins James T., Chief Administrative Officer, sold 388 trading shares at the cost of $10.29, which valued at 3993.0. On Mar 05, Sidhu Samvir S., Head of Corporate Development, bought 12,500 shares at the cost of $20.85, with total shares of 40,430. On Mar 04, Hedde Glenn, EVP Mortgage Warehouse Lending, sold 3,667 shares at the cost of 20.31. After this transaction, Hedde Glenn total shares reached to 115,921 which valued at 74481.0.