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.
ILLEGAL ACTIVITY NOTICE: This news story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/12/jpmorgan-chase-co-boosts-stake-in-cu-bancorp-cunb.html.
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.
Receive News & Ratings for CU Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CU Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.