CU Bancorp Price Target Raised to $21.00 at Keefe, Bruyette & Woods (CUNB)
Equities research analysts at Keefe, Bruyette & Woods hoisted their target price on shares of CU Bancorp (NASDAQ:CUNB) from $20.00 to $21.00 in a research note issued to investors on Monday. Keefe, Bruyette & Woods’ price target indicates a potential upside of 12.60% from the stock’s previous close.
Shares of CU Bancorp (NASDAQ:CUNB) traded down 0.37% during mid-day trading on Monday, hitting $18.65. The stock had a trading volume of 3,863 shares. CU Bancorp has a 1-year low of $16.67 and a 1-year high of $19.50. The stock’s 50-day moving average is $18.98 and its 200-day moving average is $18.29. The company has a market cap of $209.3 million and a P/E ratio of 20.15.
CU Bancorp (NASDAQ:CUNB) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.02. Analysts expect that CU Bancorp will post $1.04 EPS for the current fiscal year.
A number of other firms have also recently commented on CUNB. Analysts at Zacks downgraded shares of CU Bancorp from an “outperform” rating to a “neutral” rating in a research note on Friday, July 4th. They now have a $20.70 price target on the stock. Separately, 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. CU Bancorp currently has a consensus rating of “Buy” and an average price target of $21.43.
CU Bancorp is a bank holding company for California United Bank, N.A.
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