Inside Trade: Charles Beauregard Sold 279 Shares of CU Bancorp (NASDAQ:CUNB)

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Inside Trade Charles Beauregard Sold 279 Shares of CU Bancorp -Transactions

Charles Beauregard Insider Sell Transaction

The director of CU Bancorp (NASDAQ:CUNB) and company’s insider Charles Beauregard made a sale of 279 shares of the public firm calculated based on the stock price per share of $26.7 for each one share. These insider shares had a market value of close to $7,438 USD. It seems he is very active lately as in the last 30 days, he silently unloaded additional 19,721 shares of the company, worth $513,471 USD. Charles Beauregard at present owns 0.50 % of Cu Bancorp’s market cap with ownership of 84,390 shares. 

Cu Bancorp Stock Rating, Sentiment and Fundamentals

There are six Wall Street equity analysts who cover the corporation fundamentals and they are expecting earnings-per-share of at least $1.23 USD for 2015, giving Cu Bancorp a PE ratio of 21.64. Besides that, an earnings per share growth rate year on year of 8.00% is expected.

Rating & Sentiment
PsychSignal Social:SELL
Analysts Rating:BUY
Hedge Funds Sentiment:BUY
Stock Fundamentals
Earnings + FCF Trend:NEUTRAL
Sector/Industry Macro:BULLISH
Valuation Models:-
Technical Analysis
ST Trend:UP
MT Trend:UP
LT Trend:UP
OctaFinance Rating*:NEUTRAL

* Read How Our Stock Ratings System Works

The stock of Cu Bancorp is currently in a strong bullish uptrend, with the stock price going up 25.06 % in the last 200 days alone. Our equity analysts rate Cu Bancorp “NEUTRAL”, even though Charles Beauregard made an insider stock sell, because our trend following system is positive.

Price Chart of Cu Bancorp NASDAQ:CUNB Stock

Inside Trade Charles Beauregard Sold 279 Shares of CU Bancorp -Stock-Price-Chart

Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations

As legendary stock market traders including Bruce Kovner stated, highest returns are made through a combination of technical & fundamental analysis. This is definitely not the case with Cu Bancorp’s stock.

Hedge Funds Ownership

Data gathered from 13F SEC filings, reveal that 64 institutional players own Cu Bancorp. The institutional ownership of this company in the last quarter is high, at 42.25 % of the shares outstanding. Its up 10.88 % from previous quarter. These owners increased the total shares they own by 706,104 to 7.20 million this quarter. There were 12 funds that created new positions and 30 funds that added to their positions. A total of 4 funds closed their positions in Cu Bancorp and 10 reduced their holdings.

HEDGE-FUNDS-LIST-DATABASE-FREE

Jcsd Capital Llc had the greatest investment with ownership of 220,000 shares as of Q2 2015 for 7.08% of the fund’s portfolio. Banc Funds Co Llc is another positive player having 1.13 million shares of the company or 1.52% of their stocks portfolio. The stock is also 1.77% of the fund’s AUM. Stieven Capital Advisors L.P. have 1.97% of their stock portfolio invested in the company for 305,427 shares. Moreover, The New York-based fund Basswood Capital Management L.L.C. disclosed it had purchased a stake worth 1.22% of the fund’s stock portfolio in the company. The California-based fund Lourd Capital Llc was also a notable follower of the company, owning 32,844 shares. Cu Bancorp is 0.07% of the fund’s stock portfolio.

CU Bancorp NASDAQ:CUNB Company Profile

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). 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; 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. The Company conducts its lending and deposit operations through 10 branch offices located in Los Angeles, Orange, Ventura and San Bernardino counties.

Company Website: CU Bancorp

Cu Bancorp was incorporated in California on 2011-11-16. As of writing its market capitalization is: $442.18 million and it has 16.72 million shares outstanding. As of writing the company has 42.91% shareholders and the institutional ownership stands at 42.91%. The firm has 250 employees. The stock closed at $26.65 yesterday and it had average 2 days volume of 12148 shares. It is down from the 30 days average shares volume of 15570. Cu Bancorp has a 250 days low of $18.74 and a 250 days high of $27.08. The stock price is above the 200 days SMA.

* Includes shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon the occurance of certain events specified in the restricted stock grant.

* As of filing date – the stock option grant is 100% vested and immediately exercisable.

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