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Date | Price Target | Rating | Analyst |
---|---|---|---|
8/9/2024 | $49.00 | Outperform → Market Perform | Hovde Group |
5/2/2024 | $66.00 → $63.00 | Outperform | Hovde Group |
12/6/2023 | $62.00 | Buy | B. Riley Securities |
9/29/2023 | $60.00 | Strong Buy | Raymond James |
10/28/2022 | $42.00 → $44.00 | Neutral → Buy | DA Davidson |
9/28/2022 | $45.00 | Outperform | Wedbush |
3/29/2022 | $62.50 | Equal-Weight | Stephens |
3/29/2022 | $72.00 → $80.00 | Mkt Perform → Outperform | Keefe Bruyette |
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
8-K - Customers Bancorp, Inc. (0001488813) (Filer)
S-8 - Customers Bancorp, Inc. (0001488813) (Filer)
10-Q - Customers Bancorp, Inc. (0001488813) (Filer)
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TFC CALL TRADE BULLISH 08/16/24 $45.00 $636.3K 895 10.1K UPST CALL TRADE BULLISH 12/20
Jefferies analyst Casey Haire maintains Customers Bancorp (NYSE:CUBI) with a Buy and lowers the price target from $59 to $57.
Financial industry veteran and former IRS Special Agent will strengthen BSA/AML processes, further Bank's commitment to risk management Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has appointed Allen Love as Chief Compliance and AML Officer. In this role, Love will be responsible for leading the Bank's enterprise-wide compliance program, ensuring it continues to evolve as regulatory expectations increase. Love will immediately begin work on strengthening Bank Secrecy Act and Anti-Money Laundering (BSA/AML) protocols for the company's digital asset business in support of the Bank's recent agreement with the Federal Reserve Bank of Philadelphia and t
Shareholders reelect three directors, support executive "Say on Pay" proposal, ratify appointment of accounting firm, approve amendment to stock incentive plan Customers Bancorp (NYSE:CUBI) (the "Company"), parent company of Customers Bank (the "Bank"), held its annual shareholder meeting today and shareholders approved all proposals put to a vote. Robert J. Buford, Rajeev V. Date and Jay S. Sidhu were reelected as directors. Buford will continue to serve as member of the Board's Audit and Risk Committees; Date will continue as chair of the Board's Regulatory Affairs Committee and member of its Risk Committee and the Bank's Compliance Committee; Sidhu will continue as Chairman and membe
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank and one of the 100 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 30, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm, supporting a non-binding "say on pay" proposal to approve the compensation of top executives, and amending the company's stock incentive plan. "Over the years, we have built Customers Bancorp, Inc. into a high performing, forward-thinking bank with strong risk management," commented Chair & CEO Jay Sidhu. Three Directors comprising the
Hovde Group downgraded Customers Bancorp from Outperform to Market Perform and set a new price target of $49.00
Hovde Group reiterated coverage of Customers Bancorp with a rating of Outperform and set a new price target of $63.00 from $66.00 previously
B. Riley Securities resumed coverage of Customers Bancorp with a rating of Buy and set a new price target of $62.00
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.67876078 per share. The dividend is payable on September 16, 2024, to shareholders of record on August 31, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.65487329 per share. The dividend is payable on September 16, 2024, to shareholders of record on August 31, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's
Customers Bancorp, Inc. (NYSE:CUBI): Second Quarter 2024 Highlights Q2 2024 net income available to common shareholders was $54.3 million, or $1.66 per diluted share; ROAA was 1.11% and ROCE was 13.85%. Q2 2024 core earnings*1 were $48.6 million, or $1.49 per diluted share; Core ROAA* was 1.00% and Core ROCE* was 12.39%. CET 1 ratio of 12.8%2 at June 30, 2024, compared to 12.6% at March 31, 2024, above the approximately 11.5% target. TCE / TA ratio* of 7.7% at June 30, 2024, compared to 7.3% at March 31, 2024, above the approximately 7.5% target. Total loans and leases grew by $375.8 million in Q2 2024 from Q1 2024 or 11% annualized. Q2 2024 net interest margin, tax equi
Customers Bancorp, Inc. (NYSE:CUBI) announced a corrected dividend amount on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) and Series F (NYSE:CUBIPRF), previously announced on April 29, 2024. As corrected, the cash dividend on its Series E (NYSE:CUBIPRE) will be $0.700488 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024, and the cash dividend on its Series F (NYSE:CUBIPRF) will be $0.675813 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing banking companies with nearly $22 billion in
Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), is laying the groundwork for continued deposit growth in commercial and specialty banking divisions, enhancing its C-suite to incorporate significant, top-level expertise and capabilities. A new role of Chief Banking Officer will be filled by Lyle Cunningham, a long-standing member of the company who most recently served as Executive Vice President, Chief Lending Officer & Head of Corporate and Specialized Banking. Additionally, the Bank has named Nick Robinson as Chief Risk Officer, who hails from a top 10 bank in the U.S. Robinson will collaborate closely with Joan Cheney, who is transitioning to the Deputy
Customers Bank (NYSE:CUBI), a leading tech-forward bank, will present at the Barclays Global Financial Services Conference on Sept. 11, 2024. Sam Sidhu, president and CEO, is scheduled to present to analysts and investors at 8:15 a.m. EDT. For more information about Customers Bank's participation in the Barclays Global Financial Services Conference, please visit our website or contact our investor relations team at [email protected]. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing banking companies with nearly $21 billion in assets, making it one of the 80 largest bank holding companies in the U.S. Customers Bank's commercial a
On August 8, 2024, the Federal Reserve Bank of Philadelphia disclosed that it had entered into a Written Agreement with Customers Bancorp, Inc. of West Reading PA (NYSE:CUBI)("Customers") and its wholly owned subsidiary, Customers Bank ("the bank"), regarding deficiencies in compliance policies and practices (including Board oversight) connected to its digital asset strategy, including an operating platform to allow for tokenized payments for customers. The weaknesses identified by the Federal Reserve appear widespread and encompass both BSA/AML requirements (Regulation H of the Board of Governors) and regulations issued by the Office of Foreign Assets Control of the U.S. Treasury Departmen