BankUnited’s Buy Rating Reaffirmed at Sandler O’Neill (BKU)
BankUnited (NYSE:BKU) traded up 0.19% during mid-day trading on Thursday, hitting $31.71. The stock had a trading volume of 264,278 shares. BankUnited has a 52 week low of $29.74 and a 52 week high of $35.65. The stock’s 50-day moving average is $31.3 and its 200-day moving average is $32.8. The company has a market cap of $3.222 billion and a P/E ratio of 15.68.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, analysts predict that BankUnited will post $1.88 earnings per share for the current fiscal year.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of BankUnited from $37.00 to $1.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.67.
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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