New York State Common Retirement Fund lessened its stake in shares of CU Bancorp (NASDAQ:CUNB) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,212 shares of the financial services provider’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of CU Bancorp worth $622,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CUNB. Bank of New York Mellon Corp boosted its position in shares of CU Bancorp by 11.0% during the 1st quarter. Bank of New York Mellon Corp now owns 78,553 shares of the financial services provider’s stock worth $3,114,000 after purchasing an additional 7,769 shares in the last quarter. American International Group Inc. boosted its position in shares of CU Bancorp by 7.2% during the 1st quarter. American International Group Inc. now owns 10,005 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 669 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of CU Bancorp by 64.1% during the 1st quarter. Alliancebernstein L.P. now owns 35,340 shares of the financial services provider’s stock worth $1,401,000 after purchasing an additional 13,800 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of CU Bancorp by 6.0% during the 1st quarter. Teachers Advisors LLC now owns 36,964 shares of the financial services provider’s stock worth $1,466,000 after purchasing an additional 2,081 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of CU Bancorp by 58.3% during the 1st quarter. California Public Employees Retirement System now owns 24,700 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 9,100 shares in the last quarter. 56.35% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently issued reports on CUNB shares. Piper Jaffray Companies reissued a “buy” rating and set a $42.00 price objective on shares of CU Bancorp in a research report on Monday, August 14th. Zacks Investment Research lowered shares of CU Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of CU Bancorp from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $41.50.

Shares of CU Bancorp (CUNB) opened at $37.50 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. CU Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $40.30.

CU Bancorp 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 (NASDAQ:CUNB)

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