Zacks Downgrades CU Bancorp to Neutral (CUNB)
CU Bancorp (NASDAQ:CUNB) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Friday. They currently have a $20.70 price target on the stock. Zacks‘s price objective would suggest a potential upside of 7.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on CUNB. Analysts at Raymond James reiterated an “outperform” rating on shares of CU Bancorp in a research note on Wednesday, June 18th. They now have a $22.00 price target on the stock, up previously from $20.00. 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. CU Bancorp presently has an average rating of “Buy” and an average price target of $21.18.
Shares of CU Bancorp (NASDAQ:CUNB) traded up 0.21% during mid-day trading on Friday, hitting $19.32. The stock had a trading volume of 5,850 shares. CU Bancorp has a 52-week low of $15.50 and a 52-week high of $19.50. The stock has a 50-day moving average of $18.79 and a 200-day moving average of $18.14. The company has a market cap of $216.6 million and a P/E ratio of 20.51.
CU Bancorp (NASDAQ:CUNB) last released its 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. Analysts expect that CU Bancorp will post $1.01 EPS for the current fiscal year.
CU Bancorp is a bank holding company for California United Bank, N.A.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.