CU Bancorp (NASDAQ:CUNB) is scheduled to be posting its quarterly earnings results on Monday, April 24th.
CU Bancorp (NASDAQ:CUNB) last released its earnings results on Thursday, January 26th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company earned $28.49 million during the quarter, compared to the consensus estimate of $28.47 million. CU Bancorp had a return on equity of 8.66% and a net margin of 23.56%. On average, analysts expect CU Bancorp to post $1.76 EPS for the current fiscal year and $2.10 EPS for the next fiscal year.
CU Bancorp (NASDAQ:CUNB) traded down 0.27% during trading on Friday, reaching $36.65. The company’s stock had a trading volume of 697,910 shares. CU Bancorp has a 1-year low of $21.11 and a 1-year high of $40.30. The company has a market capitalization of $640.50 million, a P/E ratio of 24.43 and a beta of 0.67. The company’s 50-day moving average is $38.39 and its 200-day moving average is $32.99.
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A number of brokerages recently commented on CUNB. DA Davidson downgraded CU Bancorp from a “buy” rating to a “neutral” rating and increased their price target for the company from $42.00 to $43.00 in a report on Friday, April 7th. Hovde Group increased their price target on CU Bancorp from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Piper Jaffray Companies began coverage on CU Bancorp in a report on Wednesday, January 18th. They issued an “overweight” rating and a $42.00 price target for the company. FIG Partners downgraded CU Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, January 30th. Finally, Zacks Investment Research raised CU Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, January 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.75.
In related news, Director Daniel F. Selleck sold 2,500 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $39.53, for a total value of $98,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Cosgrove sold 15,000 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $36.50, for a total value of $547,500.00. The disclosure for this sale can be found here. Insiders sold 43,333 shares of company stock valued at $1,638,946 in the last three months. 9.06% of the stock is currently owned by company insiders.
CU Bancorp Company Profile
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.
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