The stock of CU Bancorp (NASDAQ:CUNB) reached all time high today, Nov, 24 and still has $30.13 target or 8.00% above today’s $27.90 share price. This indicates more upside for the $495.04M company. This technical setup was reported by Barchart.com. If the $30.13 PT is reached, the company will be worth $39.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.20% or $0.6 on November 23, hitting $27.9. About 60,847 shares traded hands or 65.18% up from the average. CU Bancorp (NASDAQ:CUNB) has risen 26.59% since April 22, 2016 and is uptrending. It has outperformed by 21.18% the S&P500.
Analysts await CU Bancorp (NASDAQ:CUNB) to report earnings on January, 26. They expect $0.37 EPS, up 23.33% or $0.07 from last year’s $0.3 per share. CUNB’s profit will be $6.57 million for 18.85 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by CU Bancorp for the previous quarter, Wall Street now forecasts 2.78% EPS growth.
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.”
Insitutional Activity: The institutional sentiment increased to 1.7 in 2016 Q2. 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.
Pnc Services Grp Inc last reported 0% of its portfolio in the stock. Dimensional Fund Advsrs L P owns 87,375 shares or 0% of their US portfolio. Blackrock Mgmt Lc holds 69,085 shares or 0% of its portfolio. Analytic Investors Ltd Com has 25,054 shares for 0.01% of their US portfolio. Investment House Limited Liability Company has 0.05% invested in the company for 13,853 shares. Geode Cap Mngmt Lc holds 0% or 86,696 shares in its portfolio. Royal Commercial Bank Of Canada reported 3,630 shares or 0% of all its holdings. Jpmorgan Chase & Company accumulated 57,651 shares or 0% of the stock. Wellington Management Llp reported 1.48 million shares or 0.01% of all its holdings. Banc Funds Ltd Liability Corp, a Illinois-based fund reported 1.20M shares. Kennedy Mgmt holds 56,219 shares or 0.03% of its portfolio. Alliancebernstein Ltd Partnership accumulated 20,140 shares or 0% of the stock. Alphaone Inv Svcs Ltd Liability Corp last reported 92,973 shares in the company. Nationwide Fund holds 0% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 18,097 shares. Blackrock Fund Advisors last reported 422,033 shares in the company.
Another recent and important CU Bancorp (NASDAQ:CUNB) news was published by Equitiesfocus.com which published an article titled: “CU Bancorp (CA) (NASDAQ:CUNB) 200-Day MA At $23.74” on November 23, 2016.
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.
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