CU Bancorp Upgraded by Zacks to Outperform (CUNB)
CU Bancorp (NASDAQ:CUNB) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Thursday. The firm currently has a $19.80 price objective on the stock. Zacks‘s price target would indicate a potential upside of 6.91% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Davidson upgraded shares of CU Bancorp to a “buy” rating in a research note on Wednesday. Separately, analysts at DA Davidson upgraded shares of CU Bancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $22.00 price target on the stock, up previously from $19.50. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of CU Bancorp from $18.50 to $20.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $20.45.
Shares of CU Bancorp (NASDAQ:CUNB) traded up 1.03% on Thursday, hitting $18.71. The stock had a trading volume of 19,456 shares. CU Bancorp has a 52 week low of $14.70 and a 52 week high of $19.30. The stock’s 50-day moving average is $18.23 and its 200-day moving average is $17.92. The company has a market cap of $209.7 million and a price-to-earnings ratio of 19.70.
CU Bancorp (NASDAQ:CUNB) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.02. On average, analysts predict that CU Bancorp will post $1.01 earnings per share for the current fiscal year.
CU Bancorp is a bank holding company for California United Bank, N.A.
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