CU Bancorp Director Purchases $17,910 in Stock (CUNB)
CU Bancorp (NASDAQ:CUNB) Director Lester Sussman bought 1,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was purchased at an average price 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 document filed with the SEC, which is available at this link.
CU Bancorp (NASDAQ:CUNB) traded up 0.17% on Wednesday, hitting $18.00. 341 shares of the company’s stock traded hands. 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 $18.69 and its 200-day moving average is $18.34. The company has a market cap of $202.0 million and a price-to-earnings ratio of 19.34.
CU Bancorp (NASDAQ:CUNB) last posted its quarterly earnings results 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. Analysts expect that CU Bancorp will post $1.06 EPS for the current fiscal year.
CUNB has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $21.43.
CU Bancorp is a bank holding company for California United Bank, N.A.
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