Revenue Update on CU Bancorp(NASDAQ:CUNB)

CU Bancorp(NASDAQ:CUNB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Earnings per share were $0.36.

CU Bancorp (CUNB) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.13% at a volume of 24,368. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.96. The peak price level was also seen at $23.96 while the days lowest was $23.48. Finally the shares closed at $23.76. The 52-week high of the shares is $27.66 while the 52-week low is $20.35. According to the latest information available, the market cap of the company is $416 M.

Several Insider Transactions has been reported to the SEC. On Apr 15, 2016, K Brian Horton (President) sold 12,047 shares at $22.02 per share price.Also, On Apr 15, 2016, David C Holman (director) sold 4,493 shares at $22.02 per share price.On Nov 24, 2015, Charles R Beauregard (director) sold 5,000 shares at $27.05 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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