California United Bank (CUNB) Posts Quarterly Earnings Results
California United Bank (NASDAQ:CUNB) announced its earnings results on Friday. The company reported $0.23 EPS for the quarter, AnalystRatingsNetwork.com reports.
CUNB has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of California United Bank in a research note to investors on Friday, September 13th. They set a “market perform” rating on the stock. On a related note, analysts at Zacks upgraded shares of California United Bank from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $18.30 price target on the stock. Finally, analysts at Raymond James downgraded shares of California United Bank from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $15.90.
Shares of California United Bank (NASDAQ:CUNB) traded up 0.16% during mid-day trading on Friday, hitting $19.13. 13,719 shares of the company’s stock traded hands. California United Bank has a one year low of $11.40 and a one year high of $18.32. The stock’s 50-day moving average is $17.39 and its 200-day moving average is $15.17. The company has a market cap of $205.4 million and a P/E ratio of 37.75.
CU Bancorp is a bank holding company for California United Bank, N.A.
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