Insider Buying: CU Bancorp Director Buys 1,000 Shares of Stock (CUNB)
CU Bancorp (NASDAQ:CUNB) Director Lester Sussman acquired 1,000 shares of CU Bancorp stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $17,910.00. Following the transaction, the director now directly owns 4,800 shares of the company’s stock, valued at approximately $85,968. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
CU Bancorp (NASDAQ:CUNB) traded up 0.11% on Tuesday, hitting $17.97. The stock had a trading volume of 12,695 shares. CU Bancorp has a one year low of $16.49 and a one year high of $19.50. The stock’s 50-day moving average is $18.72 and its 200-day moving average is $18.34. The company has a market cap of $201.7 million and a P/E ratio of 19.32.
CU Bancorp (NASDAQ:CUNB) last released its earnings data on Tuesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. On average, analysts predict that CU Bancorp will post $1.06 earnings per share for the current fiscal year.
A number of research firms have recently commented on CUNB. Analysts at Zacks upgraded shares of CU Bancorp from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $20.70 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of CU Bancorp from $20.00 to $21.00 in a research note on Monday, July 28th. Finally, 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. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $21.43.
CU Bancorp is a bank holding company for California United Bank, N.A.
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