The stock of CU Bancorp (NASDAQ:CUNB) reached all time high today, Nov, 29 and still has $30.32 target or 6.00% above today’s $28.60 share price. This indicates more upside for the $500.21M company. This technical setup was reported by Barchart.com. If the $30.32 PT is reached, the company will be worth $30.01M 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. About 40,252 shares traded hands or 8.36% up from the average. CU Bancorp (NASDAQ:CUNB) has risen 18.35% since April 26, 2016 and is uptrending. It has outperformed by 13.09% the S&P500.
Analysts await CU Bancorp (NASDAQ:CUNB) to report earnings on January, 26. They expect $0.37 earnings per share, up 23.33% or $0.07 from last year’s $0.3 per share. CUNB’s profit will be $6.47 million for 19.32 P/E if the $0.37 EPS becomes a reality. After $0.36 actual earnings per share reported by CU Bancorp for the previous quarter, Wall Street now forecasts 2.78% EPS growth.
CU Bancorp (NASDAQ:CUNB) Ratings Coverage
Out of 2 analysts covering CU Bancorp (NASDAQ:CUNB), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CU Bancorp has been the topic of 4 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, November 29 report. The rating was downgraded by Hovde Group to “Market Perform” on Wednesday, October 28. The firm earned “Outperform” rating on Friday, October 7 by Hovde Group.
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.
Blackrock Institutional Trust Na, a California-based fund reported 153,407 shares. Legal And General Group Inc Public Limited Co accumulated 0% or 2,617 shares. Vanguard Inc holds 0% or 458,303 shares in its portfolio. Ladenburg Thalmann Service last reported 6,188 shares in the company. Alpine Woods Invsts Limited Co accumulated 11,815 shares or 0.02% of the stock. Blackrock Fund Advisors last reported 0% of its portfolio in the stock. Tiaa Cref Invest Management holds 82,025 shares or 0% of its portfolio. Geode Limited Liability Company owns 86,696 shares or 0% of their US portfolio. Lincoln Natl has 0.03% invested in the company for 24,288 shares. Dimensional Fund Advsr Limited Partnership holds 0% or 87,375 shares in its portfolio. Moreover, Goldman Sachs Group Incorporated has 0% invested in CU Bancorp (NASDAQ:CUNB) for 433,154 shares. Alphaone Invest Svcs Limited Liability Corporation holds 92,973 shares or 0.78% of its portfolio. Nationwide Fund Advsr holds 0% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 18,097 shares. Mercer Advisers has 3,100 shares for 0.06% of their US portfolio. Barclays Public Limited Com has invested 0% of its portfolio in CU Bancorp (NASDAQ:CUNB).
Another recent and important CU Bancorp (NASDAQ:CUNB) news was published by Equitiesfocus.com which published an article titled: “CU Bancorp (CA) (NASDAQ:CUNB) Quarterly EPS From Continuing Operations Stands …” on November 28, 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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