Short Interest Coverage: Is CU Bancorp (NASDAQ:CUNB)’s Fuel Running Low? Reports Show More Sellers

November 30, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: Is CU Bancorp (NASDAQ:CUNB)’s Fuel Running Low? Reports Show More Sellers

The stock of CU Bancorp (NASDAQ:CUNB) registered an increase of 5.35% in short interest. CUNB’s total short interest was 220,600 shares in November as published by FINRA. Its up 5.35% from 209,400 shares, reported previously. With 21,200 shares average volume, it will take short sellers 10 days to cover their CUNB’s short positions. The short interest to CU Bancorp’s float is 1.8%. About 13,756 shares traded hands. CU Bancorp (NASDAQ:CUNB) has risen 19.89% since April 27, 2016 and is uptrending. It has outperformed by 14.66% the S&P500.

CU Bancorp is a bank holding company. The company has a market cap of $517.43 million. The Company’s principal business is to serve as the holding firm for its bank subsidiary, California United Bank . It has a 20.34 P/E ratio. It operates in commercial business banking segment.

Insitutional Activity: The institutional sentiment increased to 1.7 in Q2 2016. Its up 0.22, from 1.48 in 2016Q1. The ratio increased, as 3 funds sold all CU Bancorp shares owned while 22 reduced positions. 13 funds bought stakes while 24 increased positions. They now own 8.26 million shares or 4.08% more from 7.94 million shares in 2016Q1.
Envestnet Asset Management last reported 0% of its portfolio in the stock. Jcsd last reported 4.99% of its portfolio in the stock. Dimensional Fund Advisors Limited Partnership holds 87,375 shares or 0% of its portfolio. Blackrock Investment Limited Liability Corp reported 69,085 shares or 0% of all its holdings. Alpine Woods Investors Llc accumulated 0.02% or 11,815 shares. Tiaa Cref Management Limited Liability Corp accumulated 82,025 shares or 0% of the stock. Vanguard Group Inc holds 458,303 shares or 0% of its portfolio. Comml Bank Of New York Mellon Corp has 53,015 shares for 0% of their US portfolio. Apriem has 0% invested in the company for 500 shares. Goldman Sachs Grp Inc Inc Inc has 433,154 shares for 0% of their US portfolio. Geode Capital Mgmt Ltd Liability Corp has 86,696 shares for 0% of their US portfolio. Millennium Mgmt Limited Liability holds 23,524 shares or 0% of its portfolio. Telos Capital Management has 15,000 shares for 0.17% of their US portfolio. Jacobs Levy Equity Mngmt Inc holds 0.01% or 12,020 shares in its portfolio. Manufacturers Life Ins The reported 271,146 shares or 0.01% of all its holdings.

CU Bancorp (NASDAQ:CUNB) Ratings Coverage

Out of 2 analysts covering CU Bancorp (NASDAQ:CUNB), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CU Bancorp has been the topic of 4 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The stock of CU Bancorp (NASDAQ:CUNB) earned “Outperform” rating by Hovde Group on Friday, October 7. Keefe Bruyette & Woods upgraded the shares of CUNB in a report on Tuesday, November 29 to “Outperform” rating. The stock has “Market Perform” rating given by Hovde Group on Wednesday, October 28.

CUNB Company Profile

CU Bancorp, incorporated on November 16, 2011, is a bank holding company. The Company’s principal business is to serve as the holding firm 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 services and products 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. The Company’s 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. The Firm also provides cash management services, online banking, commercial credit cards and other primarily business-oriented products. The Firm conducts its lending and deposit activities through over 10 branch offices located in Los Angeles, Orange, Ventura and San Bernardino counties.

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By Richard Conner


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