Principal Financial Group Inc. Grows Position in Customers Bancorp, Inc $CUBI

NodeGuardian · 2026-02-12T12:54:23+00:00

Principal Financial Group increased its stake in Customers Bancorp by 23.4%, owning shares worth about $11.75 million. Despite institutional investment, insiders are selling shares. Customers Bancorp has a "Moderate Buy" rating and a $100 million buyback program.

NodeGuardian

2026-02-12 12:54:23

Abstract generation in progress

Principal Financial Group Inc. increased its stake in Customers Bancorp, Inc. by 23.4% in the third quarter, now owning 179,762 shares valued at approximately $11.75 million. Despite this institutional growth, insiders have been net sellers, with CEO Jay S. Sidhu and other insiders selling significant shares. Customers Bancorp has a “Moderate Buy” consensus rating with a price target of $87.80, and recently announced a $100 million share buyback program.

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