CU Bancorp (CUNB) Shares Down 3.8%
CU Bancorp (NASDAQ:CUNB) dropped 3.8% on Friday . The stock traded as low as $23.53 and last traded at $24.04, with a volume of 266,719 shares traded. The stock had previously closed at $25.00.
Separately, Zacks Investment Research lowered CU Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th.
The stock has a market cap of $415.51 million, a P/E ratio of 17.68 and a beta of 0.53. The company has a 50-day moving average of $24.20 and a 200-day moving average of $22.98.
CU Bancorp (NASDAQ:CUNB) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. CU Bancorp had a return on equity of 8.42% and a net margin of 22.88%. On average, equities research analysts expect that CU Bancorp will post $1.48 EPS for the current year.
A number of large investors have recently made changes to their positions in the company. Lebenthal Asset Management LLC bought a new stake in CU Bancorp during the second quarter worth about $202,000. Lebenthal Holdings LLC bought a new stake in CU Bancorp during the second quarter worth about $202,000. Deere & Co. raised its stake in CU Bancorp by 17.6% in the second quarter. Deere & Co. now owns 12,501 shares of the financial services provider’s stock worth $284,000 after buying an additional 1,872 shares during the period. First Trust Advisors LP raised its stake in CU Bancorp by 6.0% in the second quarter. First Trust Advisors LP now owns 17,298 shares of the financial services provider’s stock worth $393,000 after buying an additional 985 shares during the period. Finally, Emerald Acquisition Ltd. bought a new stake in CU Bancorp during the second quarter worth about $407,000. Institutional investors own 47.41% of the company’s stock.
About CU Bancorp
CU Bancorp is a bank holding company. The Company’s principal business is to serve as the holding company 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 products and services 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.
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