Back to top

Analyst Blog

On Apr 3, Zacks Investment Research upgraded CU Bancorp (CUNB - Snapshot Report) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

CU Bancorp has been witnessing rising earnings estimates based on strong fourth quarter 2012 results. Moreover, this regional bank delivered positive earnings surprises in 2 of the last 4 quarters with an average beat of 195.2%.

CU Bancorp reported fourth-quarter results on Jan 31. Earnings came in at 15 cents per share, beating the Zacks Consensus Estimate by 2 cents as well as the year-ago earnings by 200%. Results were primarily aided by solid top-line growth on the back of higher net interest and non-interest income, partially offset by an increase in expenses.

Net interest income climbed 70% year over year to $11.8 million. Further, non-interest income surged 180% to $1.4 million. Non-interest expenses grew 50% year over year to $9.5 million.

Asset quality of the company improved in the reported quarter. Allowance for loan losses stood at 1.03% of total loans, down 50 basis points year over year. Further, non-accrual loans stood at 1.23% of total loans, down 3 basis points year over year

The Zacks Consensus Estimate for 2013 moved up 4% to 79 cents over the last 60 days. Over the same time frame, the Zacks Consensus Estimate for 2014 moved up 3%.

Other Stocks to Consider

While we prefer CU Bancorp, other banks carrying a Zacks Rank #1 include Meta Financial Group, Inc. (CASH - Snapshot Report), Flagstar Bancorp Inc. (FBC - Snapshot Report) and First Defiance Financial Corp. (FDEF - Snapshot Report).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
CENTURY ALU… CENX 22.53 +4.50%
ERBA DIAGNO… ERB 2.91 +4.30%
PLANAR SYST… PLNR 4.31 +3.86%
MALLINCKROD… MNK 72.17 +3.83%
GTT COMMUNI… GTT 12.06 +3.52%