Rhumbline Advisers lifted its holdings in CU Bancorp (CA) (NASDAQ:CUNB) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,948 shares of the financial services provider’s stock after purchasing an additional 700 shares during the quarter. Rhumbline Advisers owned about 0.11% of CU Bancorp (CA) worth $685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. American International Group Inc. grew its position in shares of CU Bancorp (CA) by 7.2% in the 1st quarter. American International Group Inc. now owns 10,005 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 669 shares during the period. Credit Suisse AG grew its position in shares of CU Bancorp (CA) by 13.8% in the 1st quarter. Credit Suisse AG now owns 10,450 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 1,265 shares during the period. Teachers Advisors LLC grew its position in shares of CU Bancorp (CA) by 6.0% in the 1st quarter. Teachers Advisors LLC now owns 36,964 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 2,081 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of CU Bancorp (CA) by 18.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 30,200 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 4,800 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of CU Bancorp (CA) by 3.2% in the 1st quarter. Renaissance Technologies LLC now owns 210,000 shares of the financial services provider’s stock valued at $8,327,000 after purchasing an additional 6,500 shares during the period. Institutional investors and hedge funds own 56.32% of the company’s stock.

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CU Bancorp (NASDAQ CUNB) opened at 38.775 on Friday. The company has a 50 day moving average price of $35.87 and a 200 day moving average price of $36.92. CU Bancorp has a 12 month low of $22.35 and a 12 month high of $40.30. The firm has a market capitalization of $679.53 million, a price-to-earnings ratio of 23.067 and a beta of 0.70.

Several brokerages recently issued reports on CUNB. Zacks Investment Research lowered CU Bancorp (CA) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $42.00 price objective on shares of CU Bancorp (CA) in a research report on Monday, August 14th. Finally, BidaskClub upgraded CU Bancorp (CA) from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $41.50.

CU Bancorp (CA) 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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Institutional Ownership by Quarter for CU Bancorp (CA) (NASDAQ:CUNB)

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