Lawrence Way Buys Shares in Customers Bancorp, Inc.
Lawrence Way purchased 849 shares of Customers Bancorp at $78.21 each.
Key Points
- Lawrence Way bought 849 shares of Customers Bancorp, Inc. (NYSE: CUBI) on June 15, 2026, at an average price of $78.21 per share, totaling $66,400.
- Shares of Customers Bancorp traded at $76.47, with a market cap of $2.59 billion and a P/E ratio of 9.63.
- Analysts like DA Davidson and Piper Sandler have maintained or reiterated their 'buy' ratings with price targets up to $93.
Lawrence Way recently purchased 849 shares of Customers Bancorp, Inc. (NYSE: CUBI) on June 15, 2026. The shares were bought at an average price of $78.21, totaling approximately $66,400. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Customers Bancorp, Inc.
Several insiders, including Lawrence Way, have been active in buying shares of Customers Bancorp. On June 15, 2026, Susan Dianne Looney acquired 625 shares, Daniel Rothermel bought 385 shares, and Robert Buford purchased 849 shares. Additionally, Robert Neil Mackay and Steven Zuckerman bought 522 and 958 shares, respectively, all at the same price of $78.21.
Other Institutional Activity in Customers Bancorp
BlackRock, Inc. slightly trimmed its holdings by 7,110 shares, ending with 4,991,930 shares valued at about $346.5 million. Wellington Management Group LLP increased its stake by 504,211 shares, bringing its total to 3,889,544 shares worth approximately $270 million. State Street Corp added 158,000 shares, reaching 1,990,570 shares valued at $138.2 million. Dimensional Fund Advisors LP also increased its holdings by 65,954 shares, totaling 1,942,989 shares valued at $134.9 million.
Customers Bancorp Stock Snapshot
Shares of Customers Bancorp traded around $76.47. The company has a market cap of $2.59 billion and a P/E ratio of 9.63. It has a 52-week low of $50.69 and a high of $82.56, with a 50-day moving average of $75.50 and a 200-day moving average of $71.52. The stock's beta is 1.495, indicating moderate volatility.
Recent Earnings
Customers Bancorp reported revenues of $808 million, with a revenue growth rate of 76.4%. The company achieved a net margin of 34.8% and a return on equity of 14.0%. The next earnings report is expected on July 23, 2026.
Analysts Set New Price Targets
On April 27, 2026, DA Davidson maintained a 'buy' rating with a price target of $93. Piper Sandler reiterated its 'buy' rating with an $86 target on the same day. Earlier, JP Morgan maintained a 'buy' rating with an $84 target, and Morgan Stanley held its 'hold' rating with an $83 target.
About Customers Bancorp
Customers Bancorp, Inc. is a bank holding company for Customers Bank, headquartered in West Reading, Pennsylvania. It offers a range of banking products and services, including commercial and consumer checking accounts, loans, and digital banking solutions. The bank is led by CEO Samvir S. Sidhu and employs around 900 people.
Bottom Line
Lawrence Way's recent purchase of Customers Bancorp shares reflects insider confidence in the company. Investors often watch insider buying as a potential signal of positive sentiment. It's important to remember that these insider activities are disclosed after the fact and may not reflect current positions.
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.