Zacks Investment Research upgraded shares of CU Bancorp (NASDAQ:CUNB) from a sell rating to a hold rating in a report published on Thursday morning.

According to Zacks, “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. “

Separately, Hovde Group upgraded CU Bancorp from a market perform rating to an outperform rating and increased their target price for the company from $24.75 to $26.00 in a report on Friday, October 7th.

CU Bancorp (NASDAQ:CUNB) opened at 27.90 on Thursday. The company has a 50 day moving average price of $24.29 and a 200 day moving average price of $23.77. CU Bancorp has a 1-year low of $20.35 and a 1-year high of $28.20. The firm has a market cap of $483.42 million, a PE ratio of 19.77 and a beta of 0.52.

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of CU Bancorp by 27,857.2% in the first quarter. JPMorgan Chase & Co. now owns 58,151 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 57,943 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CU Bancorp by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 53,015 shares of the financial services provider’s stock valued at $1,206,000 after buying an additional 1,444 shares in the last quarter. Context BH Capital Management LP raised its stake in shares of CU Bancorp by 20.6% in the second quarter. Context BH Capital Management LP now owns 62,932 shares of the financial services provider’s stock valued at $1,430,000 after buying an additional 10,767 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of CU Bancorp during the second quarter valued at about $407,000. Finally, First Trust Advisors LP raised its stake in shares of CU Bancorp by 6.0% in the second quarter. First Trust Advisors LP now owns 17,298 shares of the financial services provider’s stock valued at $393,000 after buying an additional 985 shares in the last quarter. Institutional investors and hedge funds own 47.97% of the company’s stock.

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About CU Bancorp

CU Bancorp is a bank holding company. The Company’s principal business is to serve as the holding company 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 products and services 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.

5 Day Chart for NASDAQ:CUNB

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