BankUnited Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:BKU)
Shares of BankUnited (NYSE:BKU) have earned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, Stock Ratings News reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $35.50.
Shares of BankUnited (NYSE:BKU) traded up 1.05% on Thursday, hitting $32.235. The stock had a trading volume of 84,150 shares. BankUnited has a 52 week low of $24.17 and a 52 week high of $35.65. The stock’s 50-day moving average is $33.55 and its 200-day moving average is $32.50. The company has a market cap of $3.277 billion and a P/E ratio of 15.37.
BankUnited (NYSE:BKU) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.08. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, analysts predict that BankUnited will post $1.84 earnings per share for the current fiscal year.
BKU has been the subject of a number of recent research reports. Analysts at Drexel Hamilton initiated coverage on shares of BankUnited in a research note on Thursday. They set a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BankUnited in a research note on Monday, April 7th. They now have a $36.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 27th. They now have a $39.00 price target on the stock, up previously from $32.00.
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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