CU Bancorp Receives “Outperform” Rating from Raymond James (CUNB)
CU Bancorp (NASDAQ:CUNB)‘s stock had its “outperform” rating restated by analysts at Raymond James in a research report issued to clients and investors on Wednesday. They currently have a $22.00 price target on the stock, up from their previous price target of $20.00. Raymond James’ target price points to a potential upside of 15.61% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of CU Bancorp from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 5th. They now have a $19.80 price target on the stock. Separately, analysts at Davidson upgraded shares of CU Bancorp to a “buy” rating in a research note on Wednesday, June 4th. Finally, analysts at DA Davidson upgraded shares of CU Bancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 4th. They now have a $22.00 price target on the stock, up previously from $19.50. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $20.95.
Shares of CU Bancorp (NASDAQ:CUNB) traded up 0.26% during mid-day trading on Wednesday, hitting $19.08. 7,913 shares of the company’s stock traded hands. CU Bancorp has a one year low of $15.25 and a one year high of $19.30. The stock’s 50-day moving average is $18.41 and its 200-day moving average is $18.01. The company has a market cap of $213.9 million and a P/E ratio of 20.24.
CU Bancorp (NASDAQ:CUNB) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ 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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