JPMorgan Chase & Co. raised its stake in shares of CU Bancorp (NASDAQ:CUNB) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,636 shares of the financial services provider’s stock after buying an additional 4,591 shares during the quarter. JPMorgan Chase & Co. owned about 1.02% of CU Bancorp worth $7,066,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Legal & General Group Plc boosted its holdings 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 worth $148,000 after purchasing an additional 167 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of CU Bancorp during the second quarter worth $253,000. UBS Asset Management Americas Inc. acquired a new stake in shares of CU Bancorp during the second quarter worth $260,000. Cubist Systematic Strategies LLC acquired a new stake in shares of CU Bancorp during the second quarter worth $271,000. Finally, Kassirer Asset Management Corp acquired a new stake in shares of CU Bancorp during the third quarter worth $298,000. Hedge funds and other institutional investors own 56.35% of the company’s stock.
CU Bancorp (NASDAQ CUNB) traded up $0.60 during mid-day trading on Friday, hitting $37.50. The stock had a trading volume of 438,900 shares, compared to its average volume of 118,258. CU Bancorp has a 1-year low of $22.60 and a 1-year high of $40.30. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $668.53 and a PE ratio of 22.46.
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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.
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