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CU Bancorp (NASDAQ:CUNB) target price raised to $26.00, reported today by Hovde Group

Yesterday CU Bancorp (NASDAQ:CUNB) traded -0.53% lower at $22.42. The company’s 50-day moving average is $24.08 and its 200-day moving average is $23.15. The last stock close price is down -3.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 17,668 shares of the stock were exchanged, down from an average trading volume of 25,308

CU Bancorp (NASDAQ:CUNB) had its target price raised to $26.00 by Hovde Group in a report released 10/7/2016. The new target price indicates a possible upside of 0.16% based on the company's last stock close price.

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CU Bancorp has a 52 week low of $20.35 and a 52 week high of $27.66 with a P/E ratio of 16.49 The company’s market cap is currently $0.

About CU Bancorp (NASDAQ:CUNB)

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). It operates in commercial business banking segment. 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, and 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. It conducts lending and deposit operations through over 10 branch offices.

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