CU Bancorp (CA) (CUNB) Receives Average Rating of “Buy” from Brokerages
Shares of CU Bancorp (CA) (NASDAQ:CUNB) have received an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.33.
Several research analysts have issued reports 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 target on the stock in a report on Wednesday, July 19th. BidaskClub lowered CU Bancorp (CA) from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $42.00 price target on shares of CU Bancorp (CA) in a report on Monday, August 14th.
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Large investors have recently made changes to their positions in the business. Legal & General Group Plc boosted its holdings in CU Bancorp (CA) by 4.2% in the second quarter. Legal & General Group Plc now owns 4,097 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 167 shares in the last quarter. Principal Financial Group Inc. bought a new position in CU Bancorp (CA) in the second quarter worth approximately $253,000. UBS Asset Management Americas Inc. bought a new position in CU Bancorp (CA) in the second quarter worth approximately $260,000. Cubist Systematic Strategies LLC bought a new position in CU Bancorp (CA) in the second quarter worth approximately $271,000. Finally, KCG Holdings Inc. bought a new position in CU Bancorp (CA) in the first quarter worth approximately $281,000. Institutional investors and hedge funds own 56.32% of the company’s stock.
CU Bancorp (NASDAQ CUNB) opened at 38.15 on Wednesday. The firm has a market cap of $668.58 million, a PE ratio of 22.69 and a beta of 0.72. The stock has a 50 day moving average of $36.78 and a 200 day moving average of $36.88. CU Bancorp has a one year low of $22.60 and a one year high of $40.30.
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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