Banks Bernard Bennett Purchases Shares in Customers Bancorp

On June 15, 2026, Banks Bernard Bennett purchased 881 shares of Customers Bancorp, Inc. (NYSE: CUBI). The shares were bought at an average price of $78.21 each, amounting to a total transaction value of $68,903. This insider transaction was not part of a pre-planned trading program.

What Changed in Banks Bernard Bennett's Customers Bancorp Position

Banks Bernard Bennett's recent acquisition of 881 shares of Customers Bancorp signals a personal investment in the company, adding to his holdings outside any pre-arranged trading plan. The shares were acquired at $78.21 per share, reflecting confidence in the company's prospects.

Other Institutional Activity in Customers Bancorp

In the broader institutional landscape, Wellington Management Group LLP increased its stake in Customers Bancorp by 504,211 shares, bringing its total to 3,889,544 shares valued at approximately $269.97 million. State Street Corp also boosted its holdings by 158,000 shares, now holding 1,990,570 shares worth about $138.17 million. Dimensional Fund Advisors LP added 65,954 shares, ending with 1,942,989 shares valued at $134.86 million. Meanwhile, BlackRock, Inc. trimmed its position slightly by 7,110 shares, maintaining a sizeable stake of 4,991,930 shares valued at $346.49 million.

Customers Bancorp Stock Snapshot

Shares of Customers Bancorp (NYSE: CUBI) traded near $76.47. The company has a market capitalization of approximately $2.59 billion, with a P/E ratio of 9.63 and a forward P/E of 7.98. The stock's 52-week range is between $50.69 and $82.56, with a 50-day moving average of $75.50 and a 200-day moving average of $71.52.

Recent Earnings

Customers Bancorp reported revenue of $808 million, with a robust revenue growth rate of 76.4%. The company achieved a net margin of 34.8% and a return on equity of 14.01%. The next earnings report is scheduled for July 23, 2026.

Insider Buying and Selling at Customers Bancorp, Inc.

Alongside Banks Bernard Bennett's purchase, several other insiders made similar moves on June 15, 2026. Susan Dianne Looney, Daniel Rothermel, Robert Buford, Robert Neil Mackay, Steven Zuckerman, and Mike Gill each bought shares at the same price of $78.21, indicating a collective insider interest in the company.

Analysts Set New Price Targets

Analysts have shown continued interest in Customers Bancorp. On April 27, 2026, DA Davidson maintained a 'buy' rating with a price target of $93. Piper Sandler reiterated its 'buy' rating with a target of $86. JP Morgan also maintained its 'buy' rating, setting a target of $84 on April 1, 2026. The consensus target price is about $90.18, based on opinions from 11 analysts.

About Customers Bancorp

Customers Bancorp, Inc. is a bank holding company headquartered in West Reading, Pennsylvania. It operates Customers Bank, offering a range of banking products and services, including deposit accounts and various lending options. The company also provides digital banking solutions and services like payments and treasury management. Led by CEO Mr. Samvir S. Sidhu, Customers Bancorp employs around 900 people and focuses on regional banking services.

Bottom Line

Banks Bernard Bennett's recent purchase of Customers Bancorp shares highlights insider confidence in the company's future. With a solid financial position and active institutional interest, Customers Bancorp remains on the radar for investors. Analyst ratings continue to reflect optimism, with several maintaining 'buy' ratings and setting high price targets. As always, it's important to remember that insider transactions are just one piece of the puzzle and not necessarily an indication of future stock performance.