Insider Selling: CU Bancorp CEO Sells 1,900 Shares of Stock (CUNB)
CU Bancorp (NASDAQ:CUNB) CEO David I. Rainer sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $18.01, for a total transaction of $34,219.00. Following the completion of the transaction, the chief executive officer now directly owns 87,303 shares in the company, valued at approximately $1,572,327. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of CU Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, February 10th. Analysts at FIG Partners upgraded shares of CU Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.65.
Shares of CU Bancorp (NASDAQ:CUNB) opened at 17.72 on Thursday. CU Bancorp has a one year low of $12.25 and a one year high of $19.30. The stock’s 50-day moving average is $17.60 and its 200-day moving average is $17.84. The company has a market cap of $196.4 million and a price-to-earnings ratio of 19.99.
CU Bancorp is a bank holding company for California United Bank, N.A.
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