Today’s Stock Alert: Is Buying CU Bancorp Here a Winning Strategy?

Today's Stock Alert: Is Buying CU Bancorp Here a Winning Strategy?

The stock of CU Bancorp (NASDAQ:CUNB) hit a new 52-week high and has $29.35 target or 5.00% above today’s $27.95 share price. The 6 months bullish chart indicates low risk for the $495.93M company. The 1-year high was reported on Nov, 23 by If the $29.35 price target is reached, the company will be worth $24.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 25,574 shares traded hands. CU Bancorp (NASDAQ:CUNB) has risen 25.06% since April 21, 2016 and is uptrending. It has outperformed by 19.73% 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 $6.57 million for 18.89 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.

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 Q2 2016. Its up 0.22, from 1.48 in 2016Q1. The ratio is positive, 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.
Mesirow Fincl Investment Management holds 0.02% or 13,455 shares in its portfolio. Ep Wealth Advisors holds 0.04% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 9,706 shares. Credit Suisse Ag last reported 9,488 shares in the company. Blackrock holds 0% or 3,832 shares in its portfolio. First Advsr Limited Partnership has 17,298 shares for 0% of their US portfolio. The New York-based Alpine Woods Cap Investors Ltd Liability Co has invested 0.02% in CU Bancorp (NASDAQ:CUNB). State Street, a Massachusetts-based fund reported 246,788 shares. Nationwide Fund Advisors last reported 0% of its portfolio in the stock. Mercer Advisers Inc has 3,100 shares for 0.06% of their US portfolio. Pnc Fincl Gp Incorporated accumulated 95 shares or 0% of the stock. Northern Tru has invested 0% of its portfolio in CU Bancorp (NASDAQ:CUNB). State Bank Of Mellon holds 0% or 53,015 shares in its portfolio. Apriem Advsr has 0% invested in the company for 500 shares. Raymond James And Assocs reported 77,500 shares or 0.01% of all its holdings. Bankshares Of America De accumulated 0% or 32,846 shares.

Another recent and important CU Bancorp (NASDAQ:CUNB) news was published by 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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