Insider Buying: Lester Sussman Buys 1,000 Shares of CU Bancorp Stock (CUNB)
CU Bancorp (NASDAQ:CUNB) Director Lester Sussman purchased 1,000 shares of CU Bancorp stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $17.91 per share, with a total value of $17,910.00. Following the purchase, the director now directly owns 4,800 shares in the company, valued at approximately $85,968. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CUNB shares. 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 investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $21.43.
CU Bancorp (NASDAQ:CUNB) opened at 17.94 on Thursday. CU Bancorp has a one year low of $16.49 and a one year high of $19.50. The stock has a 50-day moving average of $18.66 and a 200-day moving average of $18.34. The company has a market cap of $201.3 million and a price-to-earnings ratio of 19.34.
CU Bancorp (NASDAQ:CUNB) last released its earnings data on Tuesday, July 29th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.02. Analysts expect that CU Bancorp will post $1.06 EPS for the current fiscal year.
CU Bancorp is a bank holding company for California United Bank, N.A.
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