CU Bancorp (CUNB) Upgraded to Outperform by Keefe, Bruyette & Woods
CUNB has been the subject of a number of other reports. Zacks Investment Research upgraded shares of CU Bancorp from a sell rating to a hold rating in a research note on Friday, November 18th. Hovde Group upgraded shares of CU Bancorp from a market perform rating to an outperform rating and lifted their target price for the stock from $24.75 to $26.00 in a research note on Friday, October 7th.
Shares of CU Bancorp (NASDAQ:CUNB) opened at 28.45 on Tuesday. The stock has a market capitalization of $492.95 million, a PE ratio of 20.16 and a beta of 0.52. The stock has a 50 day moving average of $24.65 and a 200-day moving average of $23.86. CU Bancorp has a 52 week low of $20.35 and a 52 week high of $28.25.
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A number of hedge funds have recently made changes to their positions in CUNB. Penn Capital Management Co. Inc. boosted its stake in shares of CU Bancorp by 5.4% in the third quarter. Penn Capital Management Co. Inc. now owns 80,177 shares of the financial services provider’s stock valued at $1,829,000 after buying an additional 4,092 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of CU Bancorp by 13.4% in the third quarter. Panagora Asset Management Inc. now owns 111,412 shares of the financial services provider’s stock valued at $2,541,000 after buying an additional 13,173 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of CU Bancorp during the third quarter valued at approximately $6,186,000. Analytic Investors LLC boosted its stake in shares of CU Bancorp by 27.9% in the third quarter. Analytic Investors LLC now owns 32,054 shares of the financial services provider’s stock valued at $731,000 after buying an additional 7,000 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of CU Bancorp by 2.4% in the third quarter. Northern Trust Corp now owns 161,262 shares of the financial services provider’s stock valued at $3,678,000 after buying an additional 3,762 shares during the last quarter. Institutional investors and hedge funds own 47.75% of the company’s stock.
CU Bancorp Company Profile
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.
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