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.

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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.

Analyst Recommendations for CU Bancorp (CA) (NASDAQ:CUNB)

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