Today’s Rating Alert: Is CU Bancorp (NASDAQ:CUNB) Worth Your Time After KBW’s Upgrade?

November 30, 2016 - By Louis Casey

Today's Rating Alert:  Is CU Bancorp (NASDAQ:CUNB) Worth Your Time After KBW's Upgrade?

CU Bancorp (NASDAQ:CUNB) Upgrade

KBW boosted CU Bancorp (NASDAQ:CUNB)‘s stock to a Outperform rating from Mkt Perform. This rating change was released in a a research note today.

CU Bancorp (NASDAQ:CUNB) Ratings Coverage

Out of 2 analysts covering CU Bancorp (NASDAQ:CUNB), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $27 is the highest target while $26 is the lowest. The $26 average target is -8.61% below today’s ($28.45) stock price. CU Bancorp has been the topic of 4 analyst reports since October 28, 2015 according to StockzIntelligence Inc. As per Tuesday, November 29, the company rating was upgraded by Keefe Bruyette & Woods. The firm has “Market Perform” rating given on Wednesday, October 28 by Hovde Group. As per Friday, October 7, the company rating was upgraded by Hovde Group.

The stock increased 2.34% or $0.65 during the last trading session, hitting $28.45. CU Bancorp (NASDAQ:CUNB) has risen 19.89% since April 27, 2016 and is uptrending. It has outperformed by 14.66% 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 19.22 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 Q2 2016. 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.

Hutchin Hill Capital L P last reported 55,501 shares in the company. Alliancebernstein L P has 0% invested in the company for 20,140 shares. Bank Of New York Mellon Corp owns 53,015 shares or 0% of their US portfolio. Basswood Capital Management Ltd has 1.2% invested in the company for 914,218 shares. Morgan Stanley holds 0% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 2,900 shares. Barclays Pcl accumulated 45 shares or 0% of the stock. Moreover, Tower Research Cap Limited Liability (Trc) has 0% invested in CU Bancorp (NASDAQ:CUNB) for 1,563 shares. Schwab Charles Inv holds 0% or 25,400 shares in its portfolio. California State Teachers Retirement Sys has 0% invested in the company for 34,046 shares. Kennedy Mngmt, a Missouri-based fund reported 56,219 shares. First L P has 0% invested in the company for 17,298 shares. Dimensional Fund Advisors L P has invested 0% of its portfolio in CU Bancorp (NASDAQ:CUNB). Apriem Advsr accumulated 0% or 500 shares. Credit Suisse Ag last reported 0% of its portfolio in the stock. Amer Grp Incorporated, a New York-based fund reported 9,347 shares.

CU Bancorp is a bank holding company. The company has a market cap of $497.58 million. The Company’s principal business is to serve as the holding firm for its bank subsidiary, California United Bank . It has a 20.23 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) Quarterly EPS From Continuing Operations Stands …” on November 28, 2016.

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