Stock On Watch: What’s CU Bancorp Upside After Reaching 52-Week High?

Stock On Watch: What's CU Bancorp Upside After Reaching 52 Week High?

The stock of CU Bancorp (NASDAQ:CUNB) hit a new 52-week high and has $30.50 target or 7.00% above today’s $28.50 share price. The 9 months bullish chart indicates low risk for the $498.46 million company. The 1-year high was reported on Nov, 29 by If the $30.50 price target is reached, the company will be worth $34.89 million 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 35,877 shares traded hands. 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 $6.47M for 19.26 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 CU Bancorp (NASDAQ:CUNB) on Tuesday, November 29 to “Outperform” rating. Hovde Group downgraded CU Bancorp (NASDAQ:CUNB) on Wednesday, October 28 to “Market Perform” rating. Hovde Group upgraded CU Bancorp (NASDAQ:CUNB) on Friday, October 7 to “Outperform” rating.

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.
Barclays Public Ltd Company accumulated 0% or 45 shares. Emerald Mutual Fund Advisers Trust has invested 0.09% of its portfolio in CU Bancorp (NASDAQ:CUNB). Wellington Mgmt Grp Llp has 1.48 million shares for 0.01% of their US portfolio. Jbf Cap reported 7,397 shares or 0.02% of all its holdings. Telos Cap Management holds 0.17% or 15,000 shares in its portfolio. Jacobs Levy Equity Management Incorporated reported 12,020 shares or 0.01% of all its holdings. Moreover, New York State Common Retirement Fund has 0% invested in CU Bancorp (NASDAQ:CUNB) for 15,400 shares. Raymond James And Associate holds 0.01% of its portfolio in CU Bancorp (NASDAQ:CUNB) for 77,500 shares. Blackrock last reported 0% of its portfolio in the stock. Creative Planning has 0% invested in the company for 810 shares. Stieven Advsr L P has 1.94% invested in the company for 307,154 shares. Alphaone Inv Ser Ltd Liability holds 0.78% or 92,973 shares in its portfolio. Moreover, First Ltd Partnership has 0% invested in CU Bancorp (NASDAQ:CUNB) for 17,298 shares. Legal & General Group Incorporated Public Limited accumulated 2,617 shares or 0% of the stock. Metropolitan Life Ins New York reported 12,119 shares or 0% of all its holdings.

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