BankUnited, Inc. (BKU) Receives Average Recommendation of “Hold” from Brokerages
Shares of BankUnited, Inc. (NYSE:BKU) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $40.67.
A number of research analysts recently issued reports on BKU shares. ValuEngine downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. J P Morgan Chase & Co downgraded shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 target price on shares of BankUnited in a research report on Thursday, September 28th. Finally, Barclays reiterated a “buy” rating and set a $42.00 target price on shares of BankUnited in a research report on Tuesday.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BKU. JPMorgan Chase & Co. increased its stake in BankUnited by 30.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock valued at $167,747,000 after purchasing an additional 1,106,515 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in BankUnited by 3,522.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock valued at $32,738,000 after purchasing an additional 944,359 shares in the last quarter. Brown Advisory Inc. bought a new stake in BankUnited during the 3rd quarter valued at $24,703,000. SG Americas Securities LLC increased its stake in BankUnited by 5,718.4% during the 2nd quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock valued at $23,168,000 after purchasing an additional 675,453 shares in the last quarter. Finally, NWQ Investment Management Company LLC bought a new stake in shares of BankUnited in the 3rd quarter worth $18,498,000. Institutional investors and hedge funds own 95.93% of the company’s stock.
BankUnited (NYSE:BKU) traded down $0.08 during trading on Friday, hitting $39.44. 1,392,911 shares of the company were exchanged, compared to its average volume of 853,346. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited has a 52 week low of $30.37 and a 52 week high of $41.00. The firm has a market cap of $4,232.23, a P/E ratio of 16.65, a PEG ratio of 1.87 and a beta of 1.09.
BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The company had revenue of $294.59 million for the quarter, compared to the consensus estimate of $273.51 million. During the same quarter in the previous year, the company earned $0.47 EPS. analysts anticipate that BankUnited will post 2.39 earnings per share for the current fiscal year.
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BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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