CU Bancorp (CUNB) is Upgraded by Hovde Group to Outperform, Raises Price Target to $ 26

CU Bancorp (CUNB) was Upgraded by Hovde Group to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $24.75 . Earlier the firm had a rating of “Market Perform ” on the company shares. Hovde Group advised their investors in a research report released on Oct 7, 2016.

CU Bancorp closed down -0.16 points or -0.70% at $22.56 with 21,714 shares getting traded on Tuesday. Post opening the session at $22.59, the shares hit an intraday low of $22.52 and an intraday high of $23.22 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 15, 2016, K Brian Horton (President) sold 12,047 shares at $22.02 per share price. According to the SEC, on Apr 15, 2016, David C Holman (director) sold 4,493 shares at $22.02 per share price. On Nov 24, 2015, Charles R Beauregard (director) sold 5,000 shares at $27.05 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

CU Bancorp

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