Rating Change: CU Bancorp (NASDAQ:CUNB)’s Is Reaching An Inflection Point; Keefe Bruyette Upgrades It

November 29, 2016 - By Ruchi Gupta

Rating Change:  CU Bancorp (NASDAQ:CUNB)'s Is Reaching An Inflection Point; Keefe Bruyette Upgrades It

CU Bancorp (NASDAQ:CUNB) Upgrade

CU Bancorp (NASDAQ:CUNB)‘s stock was boosted to “Outperform” by professional analysts at Keefe Bruyette. CUNB’s “Mkt Perform” rating is no longer valid.

About 20,306 shares traded hands. CU Bancorp (NASDAQ:CUNB) has risen 18.35% since April 26, 2016 and is uptrending. It has outperformed by 13.09% the S&P500.

Analysts await CU Bancorp (NASDAQ:CUNB) to report earnings on January, 26. They expect $0.37 earnings per share, up 23.33% or $0.07 from last year’s $0.3 per share. CUNB’s profit will be $6.47M for 19.43 P/E if the $0.37 EPS becomes a reality. After $0.36 actual earnings per share reported by CU Bancorp for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.7 in 2016 Q2. Its up 0.22, from 1.48 in 2016Q1. The ratio improved, as 3 funds sold all CU Bancorp shares owned while 22 reduced positions. 13 funds bought stakes while 24 increased positions. They now own 8.26 million shares or 4.08% more from 7.94 million shares in 2016Q1.

State Common Retirement Fund has 0% invested in the company for 15,400 shares. Envestnet Asset Mgmt accumulated 0% or 1,868 shares. Tiaa Cref Limited Com holds 0% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 82,025 shares. Tower Research Capital Ltd Limited Liability Company (Trc) holds 1,563 shares or 0% of its portfolio. Dimensional Fund Lp, a Texas-based fund reported 87,375 shares. Deutsche Commercial Bank Ag holds 0% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 31,039 shares. Voya Invest Mgmt Llc last reported 0% of its portfolio in the stock. Loomis Sayles Lp accumulated 8 shares or 0% of the stock. Basswood Cap Management Limited accumulated 1.2% or 914,218 shares. Jcsd Cap holds 4.99% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 200,000 shares. Hutchin Hill Capital Limited Partnership last reported 0.04% of its portfolio in the stock. Analytic Invsts Limited Liability Company holds 0.01% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 25,054 shares. Alliancebernstein Lp reported 20,140 shares or 0% of all its holdings. Mercer Advisers holds 0.06% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 3,100 shares. Ladenburg Thalmann reported 6,188 shares or 0% of all its holdings.

CU Bancorp is a bank holding company. The company has a market cap of $502.83 million. The Company’s principal business is to serve as the holding firm for its bank subsidiary, California United Bank . It has a 20.45 P/E ratio. It operates in commercial business banking segment.

According to Zacks Investment Research, “CU Bancorp is a bank holding company for California United Bank, N.A. The Bank provides business and personal deposit services, cash management, lending services, international banking services, investment services, and private banking services. CU Bancorp is headquartered in Encino, California.”

CUNB Company Profile

CU Bancorp, incorporated on November 16, 2011, is a bank holding company. The Company’s principal business is to serve as the holding firm for its bank subsidiary, California United Bank (the Bank). It operates in commercial business banking segment. The Bank is a commercial bank offering a range of banking services and products designed for small and medium-sized businesses, non-profit organizations, business owners and entrepreneurs, and the professional community, including attorneys, certified public accountants, financial advisors and healthcare providers, and investors. The Company’s deposit products include demand, money market and certificates of deposit, and loan products include commercial, real estate construction, commercial real estate, Small Business Administration (SBA) and personal loans. The Firm also provides cash management services, online banking, commercial credit cards and other primarily business-oriented products. The Firm conducts its lending and deposit activities through over 10 branch offices located in Los Angeles, Orange, Ventura and San Bernardino counties.

Another recent and important CU Bancorp (NASDAQ:CUNB) news was published by Equitiesfocus.com which published an article titled: “CU Bancorp (CA) (NASDAQ:CUNB) 200-Day MA At $23.74” on November 23, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>