BankUnited (BKU) Given Average Recommendation of “Hold” by Analysts
Shares of BankUnited (NYSE:BKU) have been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $41.25.
Several research analysts recently issued reports on BKU shares. JPMorgan Chase & Co. cut 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. Morgan Stanley reaffirmed an “overweight” rating and set a $46.00 target price on shares of BankUnited in a research report on Wednesday, December 13th. BMO Capital Markets raised BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Deutsche Bank cut their target price on BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Finally, Barclays reaffirmed a “buy” rating and set a $42.00 target price on shares of BankUnited in a research report on Tuesday, December 5th.
Shares of BankUnited (NYSE BKU) traded down $0.30 during trading on Tuesday, reaching $40.59. The company’s stock had a trading volume of 60,336 shares, compared to its average volume of 853,180. 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 12-month low of $30.37 and a 12-month high of $41.64. The firm has a market capitalization of $4,367.89, a PE ratio of 17.05, a PEG ratio of 1.93 and a beta of 1.09.
BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $294.59 million during the quarter, compared to analysts’ expectations of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same quarter last year, the firm posted $0.47 earnings per share. analysts expect that BankUnited will post 2.39 earnings per share for the current fiscal year.
In related news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the sale, the insider now directly owns 19,699 shares in the company, valued at $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of BankUnited by 1.5% in the second quarter. Northern Trust Corp now owns 481,813 shares of the financial services provider’s stock valued at $16,243,000 after buying an additional 7,337 shares during the period. Vanguard Group Inc. raised its stake in shares of BankUnited by 3.6% in the second quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock valued at $295,602,000 after buying an additional 300,744 shares during the period. Cipher Capital LP raised its stake in shares of BankUnited by 19.1% in the third quarter. Cipher Capital LP now owns 116,677 shares of the financial services provider’s stock valued at $4,150,000 after buying an additional 18,673 shares during the period. Victory Capital Management Inc. raised its stake in shares of BankUnited by 2.4% in the third quarter. Victory Capital Management Inc. now owns 1,618,948 shares of the financial services provider’s stock valued at $57,586,000 after buying an additional 37,892 shares during the period. Finally, LaSalle Street Capital Management LLC raised its stake in shares of BankUnited by 66.1% in the third quarter. LaSalle Street Capital Management LLC now owns 10,890 shares of the financial services provider’s stock valued at $387,000 after buying an additional 4,333 shares during the period. Institutional investors and hedge funds own 95.26% of the company’s stock.
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BankUnited Company Profile
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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