Insiders Seeing Green With CUBI At New 52-Week High

In trading on Monday, shares of Customers Bancorp Inc ( CUBI) touched a new 52-week high of $26.49/share. That's a 54.91% rise, or $9.39 per share from the 52-week low of $17.10 set back on 10/15/2014. That means at today's intraday high, any investor who purchased CUBI stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CUBI has seen 2 different instances of insiders buying over the trailing six month period.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
02/02/2015 Jay S. Sidhu Chairman & CEO 24,340 $20.52 $499,459.23
05/29/2015 Robert E. Wahlman CFO & Exec. VP 17,000 $25.08 $426,435.20

The chart below shows where CUBI has traded over the past year, with the 50-day and 200-day moving averages included.

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