Bluefin Trading LLC purchased a new position in shares of CU Bancorp (CA) (NASDAQ:CUNB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,868 shares of the financial services provider’s stock, valued at approximately $1,224,000. Bluefin Trading LLC owned 0.19% of CU Bancorp (CA) as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Legal & General Group Plc lifted its stake in CU Bancorp (CA) by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 4,097 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 167 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of CU Bancorp (CA) during the 2nd quarter valued at approximately $253,000. KCG Holdings Inc. purchased a new stake in shares of CU Bancorp (CA) during the 1st quarter valued at approximately $281,000. UBS Asset Management Americas Inc. acquired a new stake in CU Bancorp (CA) in the 2nd quarter valued at approximately $260,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in CU Bancorp (CA) in the 2nd quarter valued at approximately $271,000. Hedge funds and other institutional investors own 56.32% of the company’s stock.
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CUNB has been the subject of several research reports. Zacks Investment Research upgraded shares of CU Bancorp (CA) from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Wednesday, July 19th. BidaskClub downgraded shares of CU Bancorp (CA) from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $42.00 price objective on shares of CU Bancorp (CA) in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. CU Bancorp (CA) presently has a consensus rating of “Buy” and an average target price of $41.50.
Shares of CU Bancorp (NASDAQ:CUNB) traded down 1.60% during midday trading on Tuesday, reaching $36.95. 44,882 shares of the company were exchanged. CU Bancorp has a 52-week low of $22.60 and a 52-week high of $40.30. The company has a market capitalization of $647.55 million, a PE ratio of 21.98 and a beta of 0.71. The stock’s 50-day moving average price is $36.97 and its 200-day moving average price is $36.87.
CU Bancorp (CA) Profile
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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