India’s top private sector bank, City Union Bank (CUB), has a long history of steady expansion and profitability. Investors and analysts are constantly interested in CUB’s share price performance and the stock’s future prospects, just like they are with any publicly traded firm. In this post, we’ll look more closely at the projected share price goal for CUB between 2023 and 2030. We will look at a number of variables, including the present financial and economic climate, the bank’s financial performance, and market trends that could affect CUB’s stock price in the future. The readers of this article ought to be better informed about the prospects for the stock of CUB by the time it is finished.

City Union Bank’s shares reported the results for the December quarter (Q3 FY23). The private sector lender posted a net profit of Rs 217.84 crore for the third quarter of FY23, down from Rs 276.45 crore in the second quarter by 21.20 percent (QoQ). In Q3 FY22, City Union Bank had a profit of Rs 196.12 crore. Additionally, the bank’s net interest income (NII) decreased 2% sequentially, from Rs. 567.90 crore in Q2 FY23 to Rs. 555.70 crore in Q3 FY23. Additionally, the net interest margin (NIM) of City Union Bank decreased by 21 basis points (bps) to 3.90%.

CITY UNION BANK IN RECENT NEWS

• City Union Bank (CUB) said on Wednesday that the Reserve Bank of India (RBI) has accepted N Kamakodi’s nomination to a third three-year term as its MD and CEO.
• To increase security, City Union Bank Limited (CUB) has added a new feature that lets users log in to the bank’s mobile banking app using voice biometric authentication. The development process is presently continuing in order to expand this capability to include net banking customers as well. Customers will have a variety of options thanks to the voice biometric login option joining other authentication options including User ID/PIN, face ID, and fingerprint authentication. Customers may choose the authentication mechanism that best satisfies their needs and tastes, according to CUB.

CITY UNION BANK SHARE PRICE TARGET 2023

The data for City Union Bank’s share price in 2023 shows that the stock is likely to experience some significant fluctuations throughout the year.  The share price began to recover in June, returning to the same levels as April. July and August saw a continued upward trend, with the share price reaching a maximum of ₹164.93 in August. The trend continued in September, with the share price hitting a high of ₹173.18. October saw a slight dip, returning to the same levels seen in April and June. November saw the share price rise once again, reaching a maximum of ₹181.43, and December saw the highest share price of the year at ₹203.20.

CITY UNION BANK SHARE PRICE TARGET 2024

The year begins with a maximum share price of ₹213.89 and a minimum share price of ₹1037.03 in January. In February and March, the share price experiences a significant increase, reaching maximum prices of ₹240.33 and ₹252.98, respectively. The minimum price during these months remains relatively stable, hovering around ₹200.27 and ₹205.67. However, in April and May, the share price experiences a significant decline, dropping to a maximum of ₹191.65 and a minimum of ₹147.42 in May. The share price starts to recover in June, returning to the same levels seen in April. July and August see a slight increase in the share price, with the maximum reaching ₹215.03 in August. In September and October, the share price sees a steady rise, reaching a maximum of ₹265.63 in October. November sees a slight increase, with the maximum reaching ₹278.91, and December sees a maximum of ₹284.49. The maximum share price target for 2024 is ₹284.49, while the minimum share price target for the year is ₹1037.03.

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CITY UNION BANK SHARE PRICE TARGET 2025

In January, the maximum share price is ₹290.18, and the minimum share price is ₹223.21. February and March see a steady increase in the share price, reaching maximums of ₹305.45 and ₹320.72, respectively. The minimum share price during these months also rises steadily. However, in April and May, the share price experiences a decline, dropping to a maximum of ₹260.33 and a minimum of ₹200.25 in May. The share price starts to recover in June, returning to the same levels seen in April. In July and August, the share price sees a slight increase, with the maximum reaching ₹284.09 in August. In September and October, the share price continues to rise, reaching a maximum of ₹316.19 in October. November sees a significant increase, with the maximum reaching ₹338.32, while December sees a maximum of ₹345.09. The maximum share price target for 2025 is ₹345.09, while the minimum share price target for the year is ₹200.25.

CITY UNION BANK SHARE PRICE TARGET 2026 TO 2030

In 2026, the maximum price target for the shares is expected to reach ₹241.56, while the minimum price target is likely to be around ₹169.09. Moving on to 2027, the maximum price target is expected to be around ₹205.33, while the minimum price target could be around ₹143.73. In 2028, the shares are expected to perform well with the maximum price target of ₹369.59 and the minimum price target of ₹258.71. For 2029, the shares are expected to show significant growth with the maximum price target of ₹759.19 and the minimum price target of ₹531.43. Finally, in 2030, the shares are expected to reach a maximum price target of ₹845.46 and a minimum price target of ₹591.82. 

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FINANCIAL STRENGTH OF CITY UNION BANK (2018 TO 2022)

City Union Bank’s financial statement for the last five years reveals a steady growth in its total income. The bank recorded a total income of ₹4,863.86 crore in FY 2022, a marginal increase of 0.50% compared to the previous year. The bank has shown consistent growth in its revenue over the years, with a revenue growth of 13.24% in FY 2020 and 8.82% in FY 2019. However, the provisions and contingencies have decreased by 6.27% in FY 2022, which indicates good risk management by the bank. The bank’s net interest margin has also decreased from 3.43% in FY 2021 to 3.11% in FY 2022. The profit after tax (PAT) has increased significantly by 28.23% in FY 2022 compared to the previous year. The bank has also maintained a good net profit margin of 18.51% in FY 2022. Overall, the bank’s financial statement reflects a steady growth in revenue, with the PAT showing significant improvement, indicating a profitable year for the bank. The basic EPS for the year 2022 stood at ₹10.29.

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FAQ’s

What is the maximum share price target of City Union Bank in 2026?

The maximum share price target of City Union Bank in 2026 is Rs. 241.56

What is the maximum share price target of City Union Bank in 2027?

The maximum share price target of City Union Bank in 2027 is Rs. 205.33

What is the maximum share price target of City Union Bank in 2028?

The maximum share price target of City Union Bank in 2028 is Rs. 369.59

What is the maximum share price target of City Union Bank in 2029?

The maximum share price target of City Union Bank in 2029 is Rs. 759.19

What is the maximum share price target of City Union Bank in 2030?

The maximum share price target of City Union Bank in 2030 is Rs. 845.46

CONCLUSION: CITY UNION BANK SHARE PRICE TARGET

Based on City Union Bank’s financial statements over the last five years, we can see that its revenue, net profit, and basic EPS have all increased steadily. The bank has kept a strong net interest margin and net profit margin despite some variations in income growth and provisions and contingencies. PAT for the bank has significantly increased over the last two years. These indicators show a rising trend and indicate strong performance for the bank.

The company’s Return on Capital Expenditure is decreasing and Return on Equity is increasing. Mutual funds recently decreased their shareholding. When making any investment selections, it is crucial to take into account additional elements including market trends, industry competitiveness, and legislative changes. Hence, it is advised that before purchasing shares of City Union Bank, investors carry out additional research and speak with financial professionals.

Suhani