CU Bancorp (CUNB) Stake Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in CU Bancorp (NASDAQ:CUNB) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,636 shares of the financial services provider’s stock after purchasing an additional 4,591 shares during the period. JPMorgan Chase & Co. owned approximately 1.02% of CU Bancorp worth $7,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Legal & General Group Plc raised its stake in shares of CU Bancorp by 4.2% during the second quarter. Legal & General Group Plc now owns 4,097 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 167 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of CU Bancorp during the second quarter valued at about $253,000. UBS Asset Management Americas Inc. purchased a new stake in CU Bancorp in the second quarter worth about $260,000. Cubist Systematic Strategies LLC purchased a new stake in CU Bancorp in the second quarter worth about $271,000. Finally, Kassirer Asset Management Corp purchased a new stake in CU Bancorp in the third quarter worth about $298,000. 56.35% of the stock is owned by institutional investors and hedge funds.

Shares of CU Bancorp (NASDAQ CUNB) opened at $37.50 on Friday. The firm has a market cap of $668.53 and a PE ratio of 22.46. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.03. CU Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $40.30.

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CU Bancorp Company 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.

Institutional Ownership by Quarter for CU Bancorp (NASDAQ:CUNB)

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