Headlines about CU Bancorp (NASDAQ:CUNB) have trended somewhat positive this week, Alpha One reports. The research group, a unit of Accern, scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CU Bancorp earned a coverage optimism score of 0.05 on Alpha One’s scale. Alpha One also gave news articles about the financial services provider an impact score of 80 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected AlphaOne’s analysis:
- U.S. Bancorp (USB) Shares Sold by Baker Boyer National Bank (nyhetsbanken.info)
- CU Bancorp (CUNB) added to 20 new portfolios (giftedviz.com)
- CU Bancorp (CUNB) Receiving Somewhat Positive News Coverage, Study Finds (americanbankingnews.com)
- Why CU Bancorp (CUNB) Delivered An Inferior ROE Compared To The Industry? (simplywall.st)
- CU Bancorp (CUNB) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
Shares of CU Bancorp (NASDAQ:CUNB) traded down 0.27% during midday trading on Friday, reaching $36.65. The company’s stock had a trading volume of 697,910 shares. The stock’s 50 day moving average price is $38.44 and its 200 day moving average price is $32.89. CU Bancorp has a one year low of $21.11 and a one year high of $40.30. The firm has a market cap of $640.50 million, a price-to-earnings ratio of 24.43 and a beta of 0.67.
CU Bancorp (NASDAQ:CUNB) last posted its quarterly earnings results on Thursday, January 26th. The financial services provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business earned $28.49 million during the quarter, compared to the consensus estimate of $28.47 million. CU Bancorp had a net margin of 23.56% and a return on equity of 8.66%. Analysts predict that CU Bancorp will post $1.76 earnings per share for the current year.
A number of research firms recently commented on CUNB. DA Davidson downgraded CU Bancorp from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $42.00 to $43.00 in a research report on Friday, April 7th. FIG Partners downgraded CU Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, January 30th. Hovde Group upped their price objective on CU Bancorp from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Piper Jaffray Companies began coverage on CU Bancorp in a research report on Wednesday, January 18th. They set an “overweight” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research upgraded CU Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, January 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. CU Bancorp currently has a consensus rating of “Buy” and an average price target of $40.75.
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In related news, CEO David I. Rainer sold 23,333 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $38.32, for a total transaction of $894,120.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth J. Cosgrove sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $36.50, for a total transaction of $547,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,333 shares of company stock valued at $1,638,946. Insiders own 9.06% of the company’s stock.
About CU Bancorp
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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