CU Bancorp (CUNB) was Upgraded by Keefe Bruyette to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.
Many Wall Street Analysts have commented on CU Bancorp. Company shares were Upgraded by Hovde Group on Oct 7, 2016 to ” Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $24.75 .
CU Bancorp opened for trading at $27.8 and hit $28.25 on the upside on Friday, eventually ending the session at $28.1, with a gain of 0.72% or 0.2 points. The heightened volatility saw the trading volume jump to 10,711 shares. Company has a market cap of $497 M.
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.