BankUnited’s “Hold” Rating Reaffirmed at Credit Suisse (BKU)
BankUnited (NYSE:BKU)‘s stock had its “hold” rating reiterated by stock analysts at Credit Suisse in a report issued on Monday, StockRatingsNetwork reports. They currently have a $30.00 target price on the stock. Credit Suisse’s price objective points to a potential downside of 1.57% from the stock’s previous close.
Shares of BankUnited (NYSE:BKU) traded down 0.10% on Monday, hitting $30.48. The stock had a trading volume of 444,217 shares. BankUnited has a 52 week low of $22.01 and a 52 week high of $31.47. The stock has a 50-day moving average of $30.38 and a 200-day moving average of $27.05. The company has a market cap of $3.070 billion and a price-to-earnings ratio of 14.73.
BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.09. The company had revenue of $164.05 million for the quarter, compared to the consensus estimate of $172.11 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts expect that BankUnited will post $1.89 EPS for the current fiscal year.
A number of other firms have also recently commented on BKU. Analysts at Janney Montgomery Scott raised their price target on shares of BankUnited (NYSE:BKU) from $31.00 to $33.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Guggenheim initiated coverage on shares of BankUnited (NYSE:BKU) in a research note to investors on Wednesday, September 4th. They set a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of BankUnited (NYSE:BKU) from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $34.00 price target on the stock.
Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $30.92.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, September 27th.
BankUnited, Inc (NYSE:BKU) is a bank holding company with three wholly owned subsidiaries: BankUnited, National Association (the Bank) Herald National Bank (Herald), and BankUnited Investment Services, Inc (BUIS), collectively, the Company.
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