Trade Report: Today, CU Bancorp (CUNB) Upgrade to Outperform by Keefe, Bruyette & Woods

Today, CU Bancorp (CUNB) Upgrade to Outperform by Keefe, Bruyette & Woods

CU Bancorp (NASDAQ:CUNB) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, The Fly reports.

Several other research firms also recently issued reports on CUNB. Zacks Investment Research raised CU Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, November 24th. Hovde Group raised CU Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the company from $24.75 to $26.00 in a research report on Friday, October 7th.

CU Bancorp (NASDAQ:CUNB) opened at 27.80 on Tuesday. CU Bancorp has a 12 month low of $20.35 and a 12 month high of $28.25. The stock has a market capitalization of $481.69 million, a P/E ratio of 19.70 and a beta of 0.52. The stock has a 50 day moving average price of $24.65 and a 200 day moving average price of $23.86.

Large investors have recently made changes to their positions in the company. Teachers Advisors Inc. increased its stake in shares of CU Bancorp by 8.1% in the second quarter. Teachers Advisors Inc. now owns 25,392 shares of the financial services provider’s stock valued at $577,000 after buying an additional 1,900 shares in the last quarter. Deere & Co. increased its stake in shares of CU Bancorp by 17.6% in the second quarter. Deere & Co. now owns 12,501 shares of the financial services provider’s stock valued at $284,000 after buying an additional 1,872 shares in the last quarter. Lebenthal Asset Management LLC bought a new stake in shares of CU Bancorp during the second quarter valued at $202,000. Alliancebernstein L.P. bought a new stake in shares of CU Bancorp during the second quarter valued at $458,000. Finally, Stieven Capital Advisors L.P. increased its stake in shares of CU Bancorp by 9.5% in the second quarter. Stieven Capital Advisors L.P. now owns 307,154 shares of the financial services provider’s stock valued at $6,982,000 after buying an additional 26,567 shares in the last quarter. 47.75% of the stock is currently owned by institutional investors.

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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Trade Report: Today, CU Bancorp (CUNB) Upgrade to Outperform by Keefe, Bruyette & Woods

Today, CU Bancorp (CUNB) Upgrade to Outperform by Keefe, Bruyette & Woods

CU Bancorp (NASDAQ:CUNB) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, The Fly reports.

Several other research firms also recently issued reports on CUNB. Zacks Investment Research raised CU Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, November 24th. Hovde Group raised CU Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the company from $24.75 to $26.00 in a research report on Friday, October 7th.

CU Bancorp (NASDAQ:CUNB) opened at 27.80 on Tuesday. CU Bancorp has a 12 month low of $20.35 and a 12 month high of $28.25. The stock has a market capitalization of $481.69 million, a P/E ratio of 19.70 and a beta of 0.52. The stock has a 50 day moving average price of $24.65 and a 200 day moving average price of $23.86.

Large investors have recently made changes to their positions in the company. Teachers Advisors Inc. increased its stake in shares of CU Bancorp by 8.1% in the second quarter. Teachers Advisors Inc. now owns 25,392 shares of the financial services provider’s stock valued at $577,000 after buying an additional 1,900 shares in the last quarter. Deere & Co. increased its stake in shares of CU Bancorp by 17.6% in the second quarter. Deere & Co. now owns 12,501 shares of the financial services provider’s stock valued at $284,000 after buying an additional 1,872 shares in the last quarter. Lebenthal Asset Management LLC bought a new stake in shares of CU Bancorp during the second quarter valued at $202,000. Alliancebernstein L.P. bought a new stake in shares of CU Bancorp during the second quarter valued at $458,000. Finally, Stieven Capital Advisors L.P. increased its stake in shares of CU Bancorp by 9.5% in the second quarter. Stieven Capital Advisors L.P. now owns 307,154 shares of the financial services provider’s stock valued at $6,982,000 after buying an additional 26,567 shares in the last quarter. 47.75% of the stock is currently owned by institutional investors.

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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