News stories about CU Bancorp (CA) (NASDAQ:CUNB) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CU Bancorp (CA) earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 70 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near term.
Shares of CU Bancorp (NASDAQ CUNB) traded down 1.62% during midday trading on Tuesday, hitting $36.35. The stock had a trading volume of 101,539 shares. The firm has a market cap of $636.92 million, a P/E ratio of 23.30 and a beta of 0.69. The company’s 50 day moving average is $36.85 and its 200 day moving average is $36.72. CU Bancorp has a 52 week low of $22.02 and a 52 week high of $40.30.
CU Bancorp (CA) (NASDAQ:CUNB) last posted its earnings results on Thursday, April 27th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. CU Bancorp (CA) had a return on equity of 8.83% and a net margin of 24.25%. The company had revenue of $29.03 million for the quarter, compared to analyst estimates of $28.83 million. On average, equities analysts predict that CU Bancorp will post $1.77 earnings per share for the current fiscal year.
Several equities research analysts have commented on CUNB shares. Zacks Investment Research upgraded CU Bancorp (CA) from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, June 8th. DA Davidson cut CU Bancorp (CA) from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $42.00 to $43.00 in a research note on Friday, April 7th. Raymond James Financial, Inc. upgraded CU Bancorp (CA) from a “mkt perform” rating to an “outperform” rating in a research note on Monday, May 15th. Finally, FIG Partners upgraded CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. CU Bancorp (CA) currently has a consensus rating of “Buy” and a consensus price target of $41.00.
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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.
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