Robert Buford Buys Shares of Customers Bancorp
Insider Robert Buford acquired 849 shares of Customers Bancorp, Inc. at $78.21 each.
Key Points
- Robert Buford bought 849 shares of Customers Bancorp at $78.21 per share, totaling $66,400.29.
- Customers Bancorp has a market cap of $2.59 billion and a P/E ratio of 9.63.
- Analysts from DA Davidson and Piper Sandler maintain a 'buy' rating with targets of $93 and $86, respectively.
Robert Buford, an insider at Customers Bancorp, Inc. (NYSE: CUBI), bought 849 shares of the company on June 15, 2026. The shares were purchased at an average price of $78.21 each, amounting to a total transaction value of $66,400.29.
Insider Buying and Selling at Customers Bancorp, Inc.
On June 15, 2026, several insiders, including Robert Buford, bought shares of Customers Bancorp. Susan Dianne Looney acquired 625 shares, Daniel Rothermel purchased 385 shares, Robert Neil MacKay bought 522 shares, Steven Zuckerman acquired 958 shares, and Mike Gill bought 625 shares. All transactions were executed at $78.21 per share and were not part of any pre-planned trading program.
Other Institutional Activity in Customers Bancorp
BlackRock, Inc. slightly reduced its position in Customers Bancorp by 7,110 shares, ending with a total of 4,991,930 shares worth about $346.5 million. Wellington Management Group LLP significantly increased its stake by 504,211 shares, reaching 3,889,544 shares valued at approximately $270 million. State Street Corp added 158,000 shares, bringing its total to 1,990,570 shares worth around $138.2 million. Dimensional Fund Advisors LP also grew its holdings by 65,954 shares, ending with 1,942,989 shares valued at about $134.9 million. Hood River Capital Management LLC increased its position slightly by 5,609 shares, totaling 1,731,310 shares worth approximately $120.2 million.
Customers Bancorp Stock Snapshot
Shares of NYSE:CUBI traded near $76.47. Customers Bancorp has a market cap of $2.59 billion, with a P/E ratio of 9.63 and a forward P/E of 7.98. The stock has a 52-week low of $50.69 and a high of $82.56. Its 50-day moving average is $75.50, and the 200-day moving average is $71.52. The company has a beta of 1.495, indicating a higher volatility compared to the market.
Recent Earnings
Customers Bancorp reported revenue of $808 million with a growth of 0.76%. The company achieved a net margin of 34.76% and a return on equity of 14.01%. Earnings per share stood at $7.94. The next earnings release is scheduled for July 23, 2026.
Analysts Set New Price Targets
On April 27, 2026, DA Davidson maintained its 'buy' rating with a price target of $93. Piper Sandler reiterated their 'buy' rating with a target of $86. JP Morgan maintained a 'buy' rating with a target of $84 on April 1, 2026. Morgan Stanley held a 'hold' rating with a target of $83 on March 31, 2026. Overall, analysts have a consensus price target of $90.18 based on 11 opinions.
About Customers Bancorp
Customers Bancorp, Inc. is a bank holding company for Customers Bank, headquartered in West Reading, Pennsylvania. Founded in 1997, the company offers a range of banking products and services, including commercial and consumer checking accounts, savings accounts, and various loan products. Customers Bancorp also provides digital banking services and operates a blockchain-based payments platform. The company is led by CEO Samvir S. Sidhu and employs around 900 people.
Bottom Line
The recent insider buying activity at Customers Bancorp suggests confidence from within the company. With a robust market cap and favorable analyst ratings, the stock remains under the spotlight. It's important to note that insider transactions are reported after the fact and may not indicate future intentions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.