|
10 Jul 2025 |
City Union Bank
|
Consensus Share Price Target
|
218.31 |
212.27 |
- |
-2.77 |
buy
|
|
|
|
|
05 May 2025
|
City Union Bank
|
Axis Direct
|
218.31
|
225.00
|
182.57
(19.58%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
05 May 2025
|
City Union Bank
|
Prabhudas Lilladhar
|
218.31
|
210.00
|
182.57
(19.58%)
|
Target met |
Buy
|
|
|
CUB saw a good quarter with beat on core PAT due to stronger fees led by insurance and processing fees. Sales focus has led to better insurance fees and bank sees more scope to enhance this stream. Reported NIM slightly improved QoQ as lower yielding loans were shed. While the bank is targeting stable NIM for FY26E, repo rate cut would impact NIM. CUB met its slippage guidance of Rs8bn for FY25 and it expects slippages for FY26 to be lower at Rs7bn; PCR has touched 60%. This implies that provisions may be steady in near term (54bps...
|
|
05 May 2025
|
City Union Bank
|
Asit C Mehta Investment Interrmediates
|
218.31
|
205.00
|
173.48
(25.84%)
|
Target met |
Buy
|
|
|
City Union Bank (CUBK) reported Q4FY25 results broadly in line with our estimates, with a beat on the advances/deposits (advances/deposits were 2%/5% higher than our estimates). The MSME/JL non-agri segment mainly led the growth in advances, while the wholesale segment remained muted.
|
|
03 May 2025
|
City Union Bank
|
IDBI Capital
|
218.31
|
215.00
|
182.57
(19.58%)
|
Target met |
Buy
|
|
|
|
|
02 May 2025
|
City Union Bank
|
Anand Rathi
|
218.31
|
218.00
|
173.48
(25.84%)
|
Target met |
Buy
|
|
|
Stable margins and strong fees led to City Union Bank’s steady operating performance. Overall profitability was strong, with RoA coming at 1.53%. Ahead, we expect net slippages to be negative since most of the stress has been recognised. The focus now shifts to business growth.
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|
19 Apr 2025
|
City Union Bank
|
Axis Direct
|
218.31
|
193.00
|
179.42
(21.68%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a target price of Rs 193/share, implying an upside of 10% from the CMP.
|
|
27 Mar 2025
|
City Union Bank
|
ICICI Securities Limited
|
218.31
|
200.00
|
154.07
(41.70%)
|
Target met |
Buy
|
|
|
We recently interacted with senior management and select business heads of City Union Bank (CUBK). The bank reiterated its growth guidance of 12–14% YoY for FY25 and acceleration to 15–16% YoY for FY26.
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|
05 Mar 2025
|
City Union Bank
|
Geojit BNP Paribas
|
218.31
|
167.00
|
152.95
(42.73%)
|
Target met |
Accumulate
|
|
|
|
|
04 Mar 2025
|
City Union Bank
|
ICICI Securities Limited
|
218.31
|
200.00
|
147.04
(48.47%)
|
Target met |
Buy
|
|
|
We upgrade City Union Bank (CUBK) to BUY with an unchanged target price of INR 200, valuing the stock at ~1.45x FY26E ABV, broadly in-line with forward RoAs. Post ~17% stock price correction in the last month, CUBK’s valuation at ~1.1x forward book is near its lowest in the last three years – juxtaposed with an improved growth outlook and NIM resilience.
|
|
04 Feb 2025
|
City Union Bank
|
Sharekhan
|
218.31
|
185.00
|
176.85
(23.44%)
|
Target met |
Hold
|
|
|
Operational performance was healthy led by strong loan growth/ fee income, recoveries from W/O accounts and contained opex growth. Net Interest Income at Rs. 588 crore (marginally below estimates) was up 14% y-o-y/ 1% q-o-q.
|
|
01 Feb 2025
|
City Union Bank
|
Axis Direct
|
218.31
|
215.00
|
171.40
(27.37%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
01 Feb 2025
|
City Union Bank
|
Edelweiss
|
218.31
|
220.00
|
171.40
(27.37%)
|
Target met |
Buy
|
|
|
Growth visibility improves; asset quality remains pristine
|
|
10 Jan 2025
|
City Union Bank
|
Ventura
|
218.31
|
226.00
|
165.28
(32.08%)
|
Target met |
Buy
|
|
|
Focused Growth Through MSME Lending
|
|
22 Oct 2024
|
City Union Bank
|
Prabhudas Lilladhar
|
218.31
|
190.00
|
168.51
(29.55%)
|
Target met |
Buy
|
|
|
|
|
22 Oct 2024
|
City Union Bank
|
Axis Direct
|
218.31
|
185.00
|
168.51
(29.55%)
|
Target met |
Buy
|
|
|
We revise our rating to BUY from HOLD earlier backed by an improved growth outlook and valuation comfort.
|
|
22 Oct 2024
|
City Union Bank
|
ICICI Securities Limited
|
218.31
|
190.00
|
150.63
(44.93%)
|
Target met |
Buy
|
|
|
City Union Bank (CUBK) reported better than our expected set of results with Q2FY25 PAT of INR 2.85bn (9% beat; RoA of 1.59%) aided by improved asset/earnings quality.
|
|
21 Oct 2024
|
City Union Bank
|
Edelweiss
|
218.31
|
200.00
|
150.63
(44.93%)
|
Target met |
Buy
|
|
|
Setting the tone for year ahead
|
|
21 Oct 2024
|
City Union Bank
|
Sharekhan
|
218.31
|
165.00
|
150.63
(44.93%)
|
Target met |
Hold
|
|
|
Earnings grew by a mere 2% y-o-y on the back of higher provisions although operating profits rose ~11% y-o-y.
|
|
21 Oct 2024
|
City Union Bank
|
Anand Rathi
|
218.31
|
200.00
|
150.63
(44.93%)
|
Target met |
Buy
|
|
|
Better margins and non-interest income drove City Union Bank’s 13% q/q increase in core operating profits. Overall profitability remained strong. Ahead, we expect net slippages to remain negative since most of the stress has been recognised.
|
|
29 Jul 2024
|
City Union Bank
|
Axis Direct
|
218.31
|
170.00
|
169.22
(29.01%)
|
Target met |
Hold
|
|
|
We revise our rating to HOLD from BUY earlier.
|