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WEST READING, Pa.—Glenn Hedde, President of Mortgage Warehouse Lending at Customers Bancorp, Inc. (NYSE:CUBI), has sold 15,815 shares of common stock, according to a recent SEC filing. The shares were sold at a price of $58.25 each, amounting to a total transaction value of $921,223. The transaction comes as the $1.8 billion market cap bank shows strong momentum, with the stock surging about 14% in the past week. According to InvestingPro analysis, the stock appears overvalued at current levels, with analyst price targets ranging from $50 to $81. Following this sale, Hedde retains ownership of 55,211 shares, which includes 18,547 restricted stock units. The transaction was executed on January 30, 2025. For deeper insights into insider transactions and comprehensive financial analysis, InvestingPro subscribers can access detailed insider trading patterns and 8 additional key insights about CUBI’s financial health and market position.
In other recent news, Customers Bancorp has seen a series of adjustments from financial analysts following its third-quarter earnings report. Maxim Group raised its 2025 EPS estimate for the company to $6.34 from $6.09, setting a new 12-month stock price target at $80. This adjustment comes in light of the company’s projection of a stronger performance in the second half of 2025, following the integration of ten new commercial banking teams and a regulatory agreement that is likely to increase expenses in the first quarter.
Simultaneously, Stephens increased its stock price target for Customers Bancorp to $55, citing the company’s impressive third-quarter earnings that surpassed expectations. However, Piper Sandler and DA Davidson both lowered their targets, citing complexities including a shortfall in net interest income. Despite this, DA Davidson maintains a Buy rating on the stock, with an adjusted 2025 earnings per share estimate of $5.82.
These recent developments reflect the ongoing strategic shift of Customers Bancorp towards becoming a specialized commercial bank. The bank’s third-quarter report highlighted a core earnings per share of $1.34 and a 16% annualized loan growth. Despite an expected increase in compliance and technology expenses impacting non-interest expenses in the fourth quarter, the bank’s venture banking segment continues to expand, maintaining robust credit quality.
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