Teachers Advisors LLC Boosts Stake in CU Bancorp (CA) (CUNB)

Teachers Advisors LLC increased its stake in CU Bancorp (CA) (NASDAQ:CUNB) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,964 shares of the financial services provider’s stock after buying an additional 2,081 shares during the period. Teachers Advisors LLC owned 0.21% of CU Bancorp (CA) worth $1,466,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of CU Bancorp (CA) by 30.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 143,318 shares of the financial services provider’s stock valued at $5,131,000 after buying an additional 33,249 shares during the period. William Blair Investment Management LLC acquired a new position in shares of CU Bancorp (CA) during the first quarter valued at approximately $6,633,000. O Shaughnessy Asset Management LLC acquired a new position in shares of CU Bancorp (CA) during the first quarter valued at approximately $1,375,000. ClariVest Asset Management LLC boosted its position in shares of CU Bancorp (CA) by 24.0% in the first quarter. ClariVest Asset Management LLC now owns 99,674 shares of the financial services provider’s stock valued at $3,947,000 after buying an additional 19,277 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of CU Bancorp (CA) by 64.1% in the first quarter. Alliancebernstein L.P. now owns 35,340 shares of the financial services provider’s stock valued at $1,401,000 after buying an additional 13,800 shares in the last quarter. Hedge funds and other institutional investors own 59.39% of the company’s stock.

Shares of CU Bancorp (CUNB) remained flat at $35.95 on Friday. The company had a trading volume of 49,352 shares. The firm has a market capitalization of $630.02 million, a PE ratio of 21.39 and a beta of 0.69. CU Bancorp has a one year low of $22.35 and a one year high of $40.30. The stock has a 50 day moving average price of $36.31 and a 200 day moving average price of $37.31.

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Several brokerages have recently commented on CUNB. BidaskClub raised shares of CU Bancorp (CA) from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of CU Bancorp (CA) from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Wednesday, July 19th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $42.00 target price on shares of CU Bancorp (CA) in a report on Monday, August 14th. FIG Partners raised shares of CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. Finally, Raymond James Financial, Inc. raised shares of CU Bancorp (CA) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.50.

About CU Bancorp (CA)

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.