CU Bancorp (CA) (NASDAQ:CUNB)‘s stock had its “buy” rating reissued by stock analysts at Piper Jaffray Companies in a research note issued on Monday. They presently have a $42.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 16.99% from the company’s current price.

Several other brokerages have also recently commented on CUNB. Raymond James Financial, Inc. raised CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 8th. FIG Partners raised CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised CU Bancorp (CA) from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Wednesday, July 19th. Finally, BidaskClub cut CU Bancorp (CA) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. CU Bancorp (CA) presently has an average rating of “Buy” and a consensus target price of $41.50.

CU Bancorp (NASDAQ:CUNB) traded up 1.56% during trading on Monday, reaching $35.90. The company had a trading volume of 53,767 shares. CU Bancorp has a 52-week low of $22.35 and a 52-week high of $40.30. The stock has a market cap of $629.15 million, a PE ratio of 21.36 and a beta of 0.69. The company has a 50-day moving average price of $36.46 and a 200 day moving average price of $37.37.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in CU Bancorp (CA) by 28.5% in the second quarter. Goldman Sachs Group Inc. now owns 751,383 shares of the financial services provider’s stock worth $27,163,000 after buying an additional 166,766 shares during the last quarter. Vanguard Group Inc. boosted its stake in CU Bancorp (CA) by 18.0% in the second quarter. Vanguard Group Inc. now owns 731,408 shares of the financial services provider’s stock worth $26,440,000 after buying an additional 111,527 shares during the last quarter. Renaissance Technologies LLC boosted its stake in CU Bancorp (CA) by 140.6% in the second quarter. Renaissance Technologies LLC now owns 505,300 shares of the financial services provider’s stock worth $18,267,000 after buying an additional 295,300 shares during the last quarter. Chicago Capital Management LLC purchased a new stake in CU Bancorp (CA) during the second quarter worth about $12,208,000. Finally, Context BH Capital Management LP boosted its stake in CU Bancorp (CA) by 405.9% in the second quarter. Context BH Capital Management LP now owns 318,397 shares of the financial services provider’s stock worth $11,510,000 after buying an additional 255,465 shares during the last quarter. 59.39% of the stock is owned by hedge funds and other institutional investors.

About CU Bancorp (CA)

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.

Analyst Recommendations for CU Bancorp (CA) (NASDAQ:CUNB)

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