Wall Street analysts forecast that CU Bancorp (CA) (NASDAQ:CUNB) will post earnings of $0.46 per share for the current quarter, according to Zacks. Three analysts have issued estimates for CU Bancorp (CA)’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.45. CU Bancorp (CA) posted earnings per share of $0.36 in the same quarter last year, which would indicate a positive year over year growth rate of 27.8%. The business is expected to report its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that CU Bancorp (CA) will report full year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.85. For the next financial year, analysts expect that the company will report earnings of $2.11 per share, with EPS estimates ranging from $2.08 to $2.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow CU Bancorp (CA).

A number of equities analysts have commented on the company. Zacks Investment Research upgraded CU Bancorp (CA) from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, July 19th. BidaskClub lowered CU Bancorp (CA) from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. FIG Partners upgraded CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 2nd. Finally, Raymond James Financial, Inc. upgraded CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. CU Bancorp (CA) presently has an average rating of “Buy” and a consensus target price of $41.50.

Shares of CU Bancorp (CUNB) traded down 0.81% during mid-day trading on Monday, reaching $36.75. The company’s stock had a trading volume of 31,282 shares. The firm has a market cap of $646.18 million, a price-to-earnings ratio of 21.86 and a beta of 0.69. The firm has a 50 day moving average price of $36.51 and a 200 day moving average price of $37.35. CU Bancorp has a 52-week low of $22.35 and a 52-week high of $40.30.

Several institutional investors have recently modified their holdings of the stock. Chicago Capital Management LLC acquired a new position in shares of CU Bancorp (CA) during the second quarter valued at about $12,208,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of CU Bancorp (CA) during the second quarter valued at about $10,364,000. William Blair Investment Management LLC acquired a new position in shares of CU Bancorp (CA) during the first quarter valued at about $6,633,000. SG Americas Securities LLC acquired a new position in shares of CU Bancorp (CA) during the second quarter valued at about $3,629,000. Finally, Vanguard Group Inc. raised its position in shares of CU Bancorp (CA) by 19.0% in the first quarter. Vanguard Group Inc. now owns 619,881 shares of the financial services provider’s stock valued at $24,578,000 after buying an additional 98,823 shares during the last quarter. Institutional investors own 57.36% of the company’s stock.

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About CU Bancorp (CA)

CU Bancorp is the bank holding company of California United Bank (the Bank). The Bank is a full-service commercial bank offering a range of banking products and services designed for small and medium-sized businesses, non-profit organizations, business owners and entrepreneurs, and the professional community.

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Earnings History and Estimates for CU Bancorp (CA) (NASDAQ:CUNB)

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