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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About BankUnited

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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