Customers Bancorp, Inc. (CUBI): Glenn Hedde , Pres Mortgage WarehouseLending of Customers Bancorp, Inc. sold 16,663 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $27.00 per share for a total value of $449,901.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Richard A Ehst (President and COO) sold 9,500 shares at $26.82 per share price.On Mar 18, 2016, Glenn Hedde (Pres Mortgage WarehouseLending) sold 19,868 shares at $23.24 per share price.Also, On Jun 1, 2015, Robert E. Wahlman (CFO) purchased 17,000 shares at $25.08 per share price.On Feb 3, 2015, Jay S Sidhu (CEO) purchased 24,340 shares at $20.52 per share price.
Customers Bancorp Inc: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Customers Bancorp Inc which led to swings in the share price. The shares opened for trading at $26.93 and hit $27.16 on the upside , eventually ending the session at $26.89, with a gain of 0.22% or 0.06 points. The heightened volatility saw the trading volume jump to 1,01,858 shares. The 52-week high of the share price is $31.63 and the company has a market cap of $727 M . The 52-week low of the share price is at $21.66.
Customers Bancorp Inc. (Customers Bancorp) is a bank holding company engaged in banking activities through its wholly owned subsidiary Customers Bank (the Bank). Customers Bancorp provides financial products and services to small businesses not-for-profits and consumers. Customers Bancorp serves residences and businesses in Southeastern Pennsylvania Rye New York Hamilton New Jersey Boston Massachusetts and Providence among others. It offers a range of traditional loan and deposit banking products and financial services. The Bank offers a range of lending products including small business loans mortgage warehouse loans multi-family and commercial real estate loans residential mortgage loans and other consumer loans. The Bank also offers traditional depository products including commercial and consumer checking accounts non-interest-bearing demand accounts money market deposit accounts savings accounts and time deposit accounts and cash management services.