Raymond James Increases CU Bancorp Price Target to $20.00 (CUNB)
Raymond James lifted their price objective on shares of CU Bancorp (NASDAQ:CUNB) from $19.50 to $20.00 in a research note issued on Monday, AnalystRatingsNetwork.com reports. Raymond James’ price objective suggests a potential upside of 9.71% from the company’s current price.
Separately, 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.77.
Shares of CU Bancorp (NASDAQ:CUNB) traded up 0.72% during mid-day trading on Monday, hitting $18.23. The stock had a trading volume of 15,992 shares. CU Bancorp has a 52-week low of $13.33 and a 52-week high of $19.30. The stock has a 50-day moving average of $18.29 and a 200-day moving average of $18.04. The company has a market cap of $203.8 million and a price-to-earnings ratio of 20.11.
CU Bancorp (NASDAQ:CUNB) last released its earnings data on Friday, April 25th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Analysts expect that CU Bancorp will post $0.99 EPS for the current fiscal year.
CU Bancorp is a bank holding company for California United Bank, N.A.
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