Context Bh Capital Management Lp buys $1,478,273 stake in CU Bancorp (CUNB)

CU Bancorp (CUNB) : Context Bh Capital Management Lp scooped up 10,767 additional shares in CU Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 62,932 shares of CU Bancorp which is valued at $1,478,273.CU Bancorp makes up approximately 1.04% of Context Bh Capital Management Lp’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CUNB by selling 1,509 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 34,046 shares of CUNB which is valued at $799,741.

CU Bancorp closed down -0.12 points or -0.49% at $24.18 with 18,396 shares getting traded on Monday. Post opening the session at $23.8, the shares hit an intraday low of $23.8 and an intraday high of $24.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

CU Bancorp is a bank holding company. The Company’s principal business is to serve as the holding company for its bank subsidiary California United Bank (the Bank). The Bank is a 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 including attorneys certified public accountants financial advisors and healthcare providers and investors. Its deposit products include demand money market and certificates of deposit; loan products include commercial real estate construction commercial real estate Small Business Administration (SBA) and personal loans. It also provides cash management services online banking commercial credit cards and other primarily business-oriented products. The Company conducts its lending and deposit operations through 10 branch offices located in Los Angeles Orange Ventura and San Bernardino counties.

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