CU Bancorp (CUNB) Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of CU Bancorp (NASDAQ:CUNB) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,512 shares of the financial services provider’s stock after purchasing an additional 19,111 shares during the period. SG Americas Securities LLC owned 0.67% of CU Bancorp worth $4,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in CU Bancorp by 4.2% in the second quarter. Legal & General Group Plc now owns 4,097 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 167 shares during the period. TIAA CREF Investment Management LLC raised its position in CU Bancorp by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 74,263 shares of the financial services provider’s stock worth $2,685,000 after acquiring an additional 467 shares during the period. Rhumbline Advisers raised its position in CU Bancorp by 3.8% in the second quarter. Rhumbline Advisers now owns 18,948 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 700 shares during the period. Voya Investment Management LLC raised its position in CU Bancorp by 8.7% in the second quarter. Voya Investment Management LLC now owns 11,101 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 885 shares during the period. Finally, Nationwide Fund Advisors raised its position in CU Bancorp by 6.0% in the second quarter. Nationwide Fund Advisors now owns 19,674 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 1,118 shares during the period. 56.35% of the stock is currently owned by institutional investors.

CU Bancorp (CUNB) traded up $0.60 on Monday, hitting $37.50. 438,900 shares of the stock traded hands, compared to its average volume of 118,258. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.90 and a quick ratio of 0.90. CU Bancorp has a 52-week low of $22.60 and a 52-week high of $40.30.

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CUNB has been the topic of several research reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued 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 research report on Friday, August 4th. Finally, BidaskClub raised shares of CU Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.50.

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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Institutional Ownership by Quarter for CU Bancorp (NASDAQ:CUNB)

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