GuruFocus - On August 13, 2024, Samvir Sidhu, President and Chief Executive Officer of Customers Bancorp Inc (NYSE:CUBI), purchased 2,500 shares of the company, according to a recent SEC Filing. This transaction increased the insider's holdings to 144,504 shares.
Customers Bancorp Inc operates as a bank holding company, which through its subsidiary, provides banking and financial services to individual and corporate customers. The company's services include personal and business banking products, along with lending and investment options.
The shares were bought at a price of $45.53 each, valuing the transaction at approximately $113,825. This purchase follows a trend observed over the past year, where there has been a predominance of insider selling activities, with 10 recorded sells and only 1 insider buy, including this recent purchase by the insider.
On the valuation front, Customers Bancorp Inc (NYSE:CUBI) holds a market cap of $1.458 billion. The stock's price-earnings ratio is 6.19, which is below both the industry median of 9.915 and the companys historical median. This indicates a lower valuation relative to its peers and its own past.
According to the GF Value, an intrinsic value estimate used by GuruFocus, Customers Bancorp Inc is considered Fairly Valued with a price-to-GF-Value ratio of 1.01. The GF Value is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider buying activity might be of interest to investors, especially considering the stocks current valuation and the insider's increasing stake in the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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