Stock Rating: Keefe Bruyette & Woods Says Its Time To Upgrade CU Bancorp (NASDAQ:CUNB)

November 29, 2016 - By Nellie Frank

Stock Rating:  Keefe Bruyette & Woods Says Its Time To Upgrade CU Bancorp (NASDAQ:CUNB)

CU Bancorp (NASDAQ:CUNB) Upgrade

Expert analysts at Keefe Bruyette & Woods’s equities research division upgraded CU Bancorp (NASDAQ:CUNB)‘s stock from a Market Perform to Outperform on Tuesday, 29 November.

About 36,304 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 19.36 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 increased, 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.

Voya Llc holds 0% or 10,216 shares in its portfolio. Apriem Advsr holds 500 shares or 0% of its portfolio. Blackrock Advsr Limited Liability Co last reported 4,970 shares in the company. Banc Funds Com Limited Liability holds 1.59% or 1.20M shares in its portfolio. Credit Suisse Ag has invested 0% of its portfolio in CU Bancorp (NASDAQ:CUNB). Geode Capital Llc owns 86,696 shares or 0% of their US portfolio. Moreover, Manufacturers Life Insurance Com The has 0.01% invested in CU Bancorp (NASDAQ:CUNB) for 271,146 shares. Mesirow Invest Mngmt holds 13,455 shares or 0.02% of its portfolio. Schwab Charles Inv last reported 25,400 shares in the company. Endeavour Advisors accumulated 0.33% or 196,817 shares. The Pennsylvania-based Emerald Mutual Fund Advisers has invested 0.09% in CU Bancorp (NASDAQ:CUNB). The Pennsylvania-based Lincoln has invested 0.03% in CU Bancorp (NASDAQ:CUNB). Kennedy Mgmt Incorporated last reported 56,219 shares in the company. The California-based California Employees Retirement Systems has invested 0% in CU Bancorp (NASDAQ:CUNB). Granite Investment Ptnrs Ltd, a California-based fund reported 64,968 shares.

CU Bancorp is a bank holding company. The company has a market cap of $501.08 million. The Company’s principal business is to serve as the holding firm for its bank subsidiary, California United Bank . It has a 20.38 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.

More news for CU Bancorp (NASDAQ:CUNB) were recently published by: Equitiesfocus.com, which released: “CU Bancorp (CA) (NASDAQ:CUNB) Quarterly EPS From Continuing Operations Stands …” on November 28, 2016. Equitiesfocus.com‘s article titled: “CU Bancorp (CA) (NASDAQ:CUNB) 200-Day MA At $23.74” and published on November 23, 2016 is yet another important article.

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