Mark Peabody an Insider in Astronics (ATRO) Sold 2,000 Shares; Customers Bancorp (CUBI) Shorts Raised By 11.1%

Astronics Corporation (NASDAQ:ATRO) Logo

Customers Bancorp Inc (NYSE:CUBI) had an increase of 11.1% in short interest. CUBI’s SI was 782,700 shares in May as released by FINRA. Its up 11.1% from 704,500 shares previously. With 217,700 avg volume, 4 days are for Customers Bancorp Inc (NYSE:CUBI)’s short sellers to cover CUBI’s short positions. The SI to Customers Bancorp Inc’s float is 2.73%. The stock increased 2.95% or $0.85 during the last trading session, reaching $29.67. About 196,105 shares traded or 16.34% up from the average. Customers Bancorp, Inc. (NYSE:CUBI) has declined 4.56% since May 2, 2017 and is downtrending. It has underperformed by 16.11% the S&P500.

Since January 19, 2018, it had 0 insider purchases, and 17 insider sales for $1.42 million activity. GUNDERMANN PETER J sold 2,000 shares worth $72,680. On Friday, January 19 the insider PEABODY MARK sold $171,960.

Analysts await Astronics Corporation (NASDAQ:ATRO) to report earnings on May, 3. They expect $0.31 earnings per share, down 18.42% or $0.07 from last year’s $0.38 per share. ATRO’s profit will be $8.72M for 28.94 P/E if the $0.31 EPS becomes a reality. After $0.41 actual earnings per share reported by Astronics Corporation for the previous quarter, Wall Street now forecasts -24.39% negative EPS growth.

Astronics Corporation, through its subsidiaries, creates and makes products for the aerospace, defense, electronics, and semiconductor industries worldwide. The company has market cap of $1.01 billion. It operates in two divisions, Aerospace and Test Systems. It has a 53.57 P/E ratio. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; and system certification and other products.

The stock decreased 1.89% or $0.69 during the last trading session, reaching $35.89. About 131,583 shares traded. Astronics Corporation (NASDAQ:ATRO) has risen 25.05% since May 2, 2017 and is uptrending. It has outperformed by 13.50% the S&P500.

Company insider, Mark Peabody, VP Astronics Advanced Electron of Astronics Corp sold a total of 2,000 shares of the company, based on a market price of $38.3 per share. It seems he is very active lately as in the last month, he quietly sold additional 4,000 shares of the company, worth $147,900 USD. Presently, he possess 109,005 shares or precisely 0.39% of the company’s total market capitalization.

Among 6 analysts covering Astronics Corporation (NASDAQ:ATRO), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Astronics Corporation has $80 highest and $34.0 lowest target. $59.50’s average target is 65.78% above currents $35.89 stock price. Astronics Corporation had 21 analyst reports since August 6, 2015 according to SRatingsIntel. Canaccord Genuity maintained Astronics Corporation (NASDAQ:ATRO) rating on Monday, December 11. Canaccord Genuity has “Buy” rating and $46.0 target. Canaccord Genuity maintained it with “Buy” rating and $50 target in Tuesday, February 27 report. As per Wednesday, June 21, the company rating was maintained by Canaccord Genuity. The rating was upgraded by KeyBanc Capital Markets on Thursday, February 18 to “Overweight”. As per Wednesday, September 27, the company rating was maintained by Canaccord Genuity. CL King initiated the stock with “Buy” rating in Thursday, August 27 report. The stock of Astronics Corporation (NASDAQ:ATRO) earned “Hold” rating by SunTrust on Thursday, January 19. The firm has “Hold” rating given on Thursday, January 19 by Suntrust Robinson. SunTrust maintained Astronics Corporation (NASDAQ:ATRO) rating on Friday, January 19. SunTrust has “Hold” rating and $48.0 target. The stock has “Buy” rating by Canaccord Genuity on Monday, September 26.

Investors sentiment increased to 1.1 in Q4 2017. Its up 0.14, from 0.96 in 2017Q3. It increased, as 5 investors sold Astronics Corporation shares while 45 reduced holdings. 26 funds opened positions while 29 raised stakes. 19.21 million shares or 5.67% more from 18.18 million shares in 2017Q3 were reported. Gamco Et Al owns 18,700 shares for 0% of their portfolio. 9,500 were accumulated by Gabelli Funds Limited Liability Corp. Zwj Inv Counsel Inc reported 0.4% stake. Amer International Grp holds 0% of its portfolio in Astronics Corporation (NASDAQ:ATRO) for 14,448 shares. Kornitzer Cap Ks owns 45,400 shares or 0.03% of their US portfolio. The Kansas-based Creative Planning has invested 0% in Astronics Corporation (NASDAQ:ATRO). Pnc Finance Ser Group Incorporated holds 24 shares. D E Shaw holds 37,531 shares. Metropolitan Life Ins New York holds 0% in Astronics Corporation (NASDAQ:ATRO) or 6,970 shares. 50,112 are owned by Eam Invsts Limited Liability Corp. Ameritas Inv Ptnrs Inc holds 0% or 1,883 shares. State Street stated it has 667,172 shares. New York-based Goldman Sachs Inc has invested 0% in Astronics Corporation (NASDAQ:ATRO). Jpmorgan Chase And Company invested in 4,627 shares or 0% of the stock. Hgk Asset Mgmt Inc has invested 0.09% of its portfolio in Astronics Corporation (NASDAQ:ATRO).

Among 8 analysts covering Customers Bancorp (NYSE:CUBI), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Customers Bancorp has $50 highest and $29 lowest target. $37.94’s average target is 27.87% above currents $29.67 stock price. Customers Bancorp had 28 analyst reports since October 30, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $38.0 target in Thursday, December 21 report. The stock of Customers Bancorp, Inc. (NYSE:CUBI) has “Buy” rating given on Friday, October 20 by Maxim Group. The stock of Customers Bancorp, Inc. (NYSE:CUBI) has “Buy” rating given on Friday, January 26 by Maxim Group. The company was maintained on Monday, March 26 by Sandler O’Neill. Maxim Group maintained the shares of CUBI in report on Wednesday, February 1 with “Buy” rating. The company was maintained on Friday, December 8 by B. Riley & Co. The company was maintained on Friday, October 30 by FBR Capital. On Thursday, July 27 the stock rating was maintained by Boenning & Scattergood with “Buy”. Maxim Group maintained it with “Buy” rating and $40 target in Monday, December 19 report. As per Tuesday, September 20, the company rating was maintained by Keefe Bruyette & Woods.

Customers Bancorp, Inc. operates as the bank holding firm for Customers Bank that provides financial services and products to small and middle market businesses, not-for-profits, and consumers. The company has market cap of $933.61 million. The firm accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit. It has a 15.06 P/E ratio. The Company’s loan products include commercial lending products comprising business banking commercial and industrial lending; small and middle market business banking, such as small business administration loans; multi-family and commercial real estate lending; and commercial loans to mortgage originators, as well as consumer lending products comprising mortgage and home equity lending.

Astronics Corporation (NASDAQ:ATRO) Institutional Positions Chart