Customers Bancorp CEO Ralph Lober buys shares price $3,947

Ralph J. Lober II, the CEO and President of Customers Bancorp Inc. (OTC:CBKM), has not too long ago acquired 200 shares of the corporate’s frequent inventory. The shares have been bought at a worth of $19.74 every, totaling roughly $3,947. The acquisition comes because the inventory trades close to its 52-week excessive of $20.01, with InvestingPro evaluation suggesting the inventory is barely undervalued primarily based on its Honest Worth evaluation. Following this transaction, Lober’s direct possession stands at 67,559.75 shares, which incorporates shares acquired via a dividend reinvestment plan. The financial institution, with a market capitalization of $61.31 million, boasts a 26-year observe document of constant dividend funds and presently presents a 3.88% yield. This current acquisition displays Lober’s continued funding within the Ohio-based financial institution, which is thought for its concentrate on nationwide industrial banking. InvestingPro subscribers can entry extra insights, together with 5 extra unique ProTips about CBKM’s monetary well being and progress prospects.

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