CU Bancorp (CA) (CUNB) Given Consensus Recommendation of “Buy” by Analysts
CU Bancorp (CA) (NASDAQ:CUNB) has earned an average recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $41.33.
Several research firms recently commented on CUNB. BidaskClub upgraded CU Bancorp (CA) from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Piper Jaffray Companies reiterated a “buy” rating and issued a $42.00 target price on shares of CU Bancorp (CA) in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded CU Bancorp (CA) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th.
CU Bancorp (NASDAQ CUNB) opened at 35.95 on Friday. CU Bancorp has a one year low of $22.35 and a one year high of $40.30. The stock has a market capitalization of $630.02 million, a PE ratio of 21.39 and a beta of 0.70. The company’s 50-day moving average price is $35.87 and its 200-day moving average price is $36.98.
Hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its position in CU Bancorp (CA) by 4.2% during the second quarter. Legal & General Group Plc now owns 4,097 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 167 shares during the period. Principal Financial Group Inc. purchased a new stake in CU Bancorp (CA) during the second quarter valued at about $253,000. UBS Asset Management Americas Inc. purchased a new stake in CU Bancorp (CA) during the second quarter valued at about $260,000. Cubist Systematic Strategies LLC purchased a new stake in CU Bancorp (CA) during the second quarter valued at about $271,000. Finally, KCG Holdings Inc. purchased a new stake in CU Bancorp (CA) during the first quarter valued at about $281,000. 56.37% of the stock is owned by hedge funds and other institutional investors.
CU Bancorp (CA) Company Profile
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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