Renaissance Technologies LLC boosted its position in shares of CU Bancorp (CA) (NASDAQ:CUNB) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,000 shares of the financial services provider’s stock after buying an additional 6,500 shares during the period. Renaissance Technologies LLC owned 1.20% of CU Bancorp (CA) worth $8,327,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in CU Bancorp (CA) by 42.1% in the first quarter. Dimensional Fund Advisors LP now owns 203,613 shares of the financial services provider’s stock valued at $8,073,000 after buying an additional 60,295 shares in the last quarter. Geode Capital Management LLC raised its position in CU Bancorp (CA) by 9.1% in the first quarter. Geode Capital Management LLC now owns 143,257 shares of the financial services provider’s stock valued at $5,680,000 after buying an additional 12,005 shares in the last quarter. Vanguard Group Inc. raised its position in CU Bancorp (CA) by 19.0% in the first quarter. Vanguard Group Inc. now owns 619,881 shares of the financial services provider’s stock valued at $24,578,000 after buying an additional 98,823 shares in the last quarter. Menta Capital LLC bought a new position in CU Bancorp (CA) during the first quarter valued at about $1,317,000. Finally, California Public Employees Retirement System raised its position in CU Bancorp (CA) by 58.3% in the first quarter. California Public Employees Retirement System now owns 24,700 shares of the financial services provider’s stock valued at $979,000 after buying an additional 9,100 shares in the last quarter. Hedge funds and other institutional investors own 59.39% of the company’s stock.

CU Bancorp (CUNB) traded down 0.14% during mid-day trading on Friday, hitting $35.05. The company’s stock had a trading volume of 87,170 shares. CU Bancorp has a 52-week low of $22.35 and a 52-week high of $40.30. The firm has a market cap of $614.25 million, a price-to-earnings ratio of 20.85 and a beta of 0.69. The firm has a 50 day moving average of $36.41 and a 200-day moving average of $37.35.

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CUNB has been the topic of several recent research reports. FIG Partners upgraded CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 2nd. Raymond James Financial, Inc. upgraded CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. Zacks Investment Research lowered CU Bancorp (CA) from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub lowered CU Bancorp (CA) from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $42.00 target price on shares of CU Bancorp (CA) in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. CU Bancorp (CA) presently has a consensus rating of “Buy” and an average target price of $41.50.

About CU Bancorp (CA)

CU Bancorp is the bank holding company of California United Bank (the Bank). The Bank is a full-service 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.

Institutional Ownership by Quarter for CU Bancorp (CA) (NASDAQ:CUNB)

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