Hedde Glenn, President of Mortgage Warehouse Lending at Customers Bancorp, Inc. (NYSE:CUBI), sold 15,815 shares, still holding 55,211 shares.
Levi & Korsinsky and Rosen Law Firm are urging Customers Bancorp shareholders to act before the January 31, 2025, deadline concerning a lawsuit for alleged securities fraud.
Despite legal issues, Customers Bancorp’s financial metrics such as a price-to-earnings (P/E) ratio of approximately 8.48 and an earnings yield of about 11.80% show some strengths.
Customers Bancorp, Inc. (NYSE:CUBI) is a financial services company that provides a range of banking products and services. It operates primarily in the United States and is known for its focus on community banking. The company competes with other regional banks and financial institutions. On January 30, 2025, Hedde Glenn, President of Mortgage Warehouse Lending at Customers Bancorp, sold 15,815 shares of the company’s common stock at $58.25 each. After this transaction, Glenn still holds 55,211 shares.
The sale of shares by a company executive like Hedde Glenn can sometimes raise questions among investors, especially when the company is involved in legal matters. Levi & Korsinsky has reminded Customers Bancorp shareholders about the lead plaintiff deadline of January 31, 2025, in a lawsuit concerning the company. This lawsuit is related to alleged securities fraud, which reportedly occurred between March 1, 2024, and August 8, 2024.
Rosen Law Firm, a global investor rights law firm, is also urging investors who purchased CUBI securities during the specified period to seek legal counsel. The firm highlights the importance of acting before the January 31, 2025 deadline to potentially recover losses. The lawsuit accuses Customers Bancorp of making false statements and failing to disclose inadequate anti-money laundering practices, which increased regulatory risk.
Despite these legal challenges, Customers Bancorp’s financial metrics show some strengths. The company has a price-to-earnings (P/E) ratio of approximately 8.48, indicating that investors are paying $8.48 for every dollar of earnings. Its price-to-sales ratio is about 1.48, suggesting that the stock is valued at 1.48 times its sales. The enterprise value to sales ratio is around 1.43, and the enterprise value to operating cash flow ratio is approximately 17.31, reflecting the company’s valuation in relation to its cash flow.
The earnings yield for Customers Bancorp is about 11.80%, which is a measure of the return on investment for shareholders. This figure can be attractive to investors, as it indicates the potential income generated from the stock relative to its price. However, the ongoing legal issues may impact investor sentiment and the company’s future performance.
