|
09 Sep 2025 |
City Union Bank
|
Consensus Share Price Target
|
201.00 |
236.77 |
- |
17.80 |
buy
|
|
|
|
|
27 Oct 2023
|
City Union Bank
|
Sharekhan
|
201.00
|
145.00
|
133.65
(50.39%)
|
Target met |
Hold
|
|
|
|
|
14 Aug 2023
|
City Union Bank
|
Axis Direct
|
201.00
|
150.00
|
121.50
(65.43%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
13 Aug 2023
|
City Union Bank
|
ICICI Securities Limited
|
201.00
|
125.00
|
129.05
(55.75%)
|
Target met |
Hold
|
|
|
Despite 7% YoY decline in operating earnings, City Union Bank (CUBK) reported higher than-estimated Q1FY24 PAT at INR 2.27bn (up 1% YoY) driven by flattish provisions (utilisation of contingent provisions; now nil), while asset quality deteriorated. Business recovery from covid headwinds seems to be the slowest at CUBK.
|
|
12 Aug 2023
|
City Union Bank
|
Edelweiss
|
201.00
|
155.00
|
129.05
(55.75%)
|
Target met |
Buy
|
|
|
Weak streak continues
|
|
31 May 2023
|
City Union Bank
|
StoxBox - BP Wealth
|
201.00
|
|
123.45
(62.82%)
|
|
Results Update
|
|
|
CUBK earned Net Interest Income of Rs.514.3 crores for Q4FY23 as against Rs.500.7 crores in Q4FY22. For FY23, the NII increased by 13% and stood at Rs. 2,163.0 crores as against Rs. 1,916.0 crores for the last financial year. The bank’s NIM declined to 3.65% in Q4FY23 from 3.88% in Q3FY23 and 4.01% in Q4FY22.
|
|
29 May 2023
|
City Union Bank
|
Sharekhan
|
201.00
|
145.00
|
125.15
(60.61%)
|
Target met |
Hold
|
|
|
|
|
29 May 2023
|
City Union Bank
|
Axis Direct
|
201.00
|
160.00
|
125.65
(59.97%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
28 May 2023
|
City Union Bank
|
ICICI Securities Limited
|
201.00
|
140.00
|
139.40
(44.19%)
|
Target met |
Hold
|
|
|
City Union Bank (CUBK) reported a muted Q4FY23 with PAT of Rs2.18bn (up 4% YoY, flat QoQ) on the back of 5% YoY decline in operating profit and moderation in provisioning. Despite reasonable control on opex (up 11% YoY), operating earnings fell 5% YoY on slower (up 7% YoY) loan growth and 36bps YoY (23bps QoQ) NIM compression.
|
|
27 May 2023
|
City Union Bank
|
Edelweiss
|
201.00
|
175.00
|
139.40
(44.19%)
|
|
Buy
|
|
|
Yet another weak quarter
|
|
27 May 2023
|
City Union Bank
|
Prabhudas Lilladhar
|
201.00
|
160.00
|
139.40
(44.19%)
|
Target met |
Accumulate
|
|
|
|