CU Bancorp (CA) (NASDAQ:CUNB) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Other analysts have also issued reports about the company. Zacks Investment Research raised CU Bancorp (CA) from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, July 19th. FIG Partners raised CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 2nd. Raymond James Financial, Inc. raised CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research note on Monday, May 8th. Finally, DA Davidson lowered CU Bancorp (CA) from a “buy” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $43.00 in a research note on Friday, April 7th. 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 stock. CU Bancorp (CA) presently has an average rating of “Buy” and an average target price of $41.50.

Shares of CU Bancorp (NASDAQ CUNB) opened at 37.05 on Friday. The stock has a 50 day moving average of $36.51 and a 200 day moving average of $37.35. CU Bancorp has a 52 week low of $22.35 and a 52 week high of $40.30. The firm has a market cap of $651.45 million, a P/E ratio of 22.04 and a beta of 0.69.

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A number of institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new position in CU Bancorp (CA) during the first quarter valued at approximately $1,375,000. ClariVest Asset Management LLC increased its position in CU Bancorp (CA) by 24.0% in the first quarter. ClariVest Asset Management LLC now owns 99,674 shares of the financial services provider’s stock valued at $3,947,000 after buying an additional 19,277 shares in the last quarter. Alliancebernstein L.P. increased its position in CU Bancorp (CA) by 64.1% in the first quarter. Alliancebernstein L.P. now owns 35,340 shares of the financial services provider’s stock valued at $1,401,000 after buying an additional 13,800 shares in the last quarter. American International Group Inc. increased its position in CU Bancorp (CA) by 7.2% in the first quarter. American International Group Inc. now owns 10,005 shares of the financial services provider’s stock valued at $397,000 after buying an additional 669 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in CU Bancorp (CA) during the first quarter valued at approximately $6,633,000. Hedge funds and other institutional investors own 57.36% of the company’s stock.

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.

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

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