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Insider Trends: Insider Sales Continue 90-Day Trend at Customers Bancorp

05/10/2021 08:06

11:53 AM EDT, 05/10/2021 (MT Newswires) -- Richard A Ehst, President & COO, sold 9,770 shares of Customers Bancorp (CUBI) on May 07, 2021, for $342,431. After the Form 4 filing with the SEC, Ehst owns 118,010 shares of company stock, which have a market value of $4.14 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 44 insider transactions reported to the SEC for Customers Bancorp. These transactions came from the activities of 16 different insiders that resulted in a net acquisition of 1,326 company shares. Relative to the preceding 90-day window of time, there were 18 transactions from 14 insiders and resulted in the net disposition of 13,610 shares.

This is lower than the average level of insider transactions in the 394-company Banks peer group over the last 90-day period. Activity in the peer group averaged 105.5 transactions per company, with company insiders acquiring on average 7,436 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1488813/000156218021003355/xslF345X03/primarydocument.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.