Shares of BankUnited, Inc. (NYSE:BKU) have been assigned a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $41.10.

Several equities research analysts have weighed in on BKU shares. Bank of America Corporation reiterated a “buy” rating and issued a $46.00 target price on shares of BankUnited in a report on Monday, July 10th. BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. ValuEngine lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Wedbush reiterated a “neutral” rating and issued a $35.00 target price on shares of BankUnited in a report on Tuesday, June 27th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $39.00 target price (down from $40.00) on shares of BankUnited in a report on Thursday, July 6th.

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BankUnited (NYSE:BKU) traded up 1.48% during trading on Friday, reaching $32.82. 1,825,266 shares of the company’s stock traded hands. BankUnited has a 12 month low of $28.13 and a 12 month high of $41.00. The firm’s 50 day moving average is $33.37 and its 200 day moving average is $34.73. The company has a market cap of $3.51 billion, a P/E ratio of 14.68 and a beta of 1.07.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $269.48 million for the quarter, compared to analyst estimates of $258.47 million. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. During the same period last year, the business posted $0.52 earnings per share. Analysts anticipate that BankUnited will post $2.38 EPS for the current year.

In related news, Chairman John Adam Kanas sold 78,190 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the sale, the chairman now directly owns 565,076 shares in the company, valued at $18,749,221.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Starr sold 7,445 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.08, for a total transaction of $261,170.60. Following the sale, the insider now owns 29,000 shares in the company, valued at $1,017,320. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 586,035 shares of company stock worth $19,373,735. 5.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in 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 purchasing an additional 300,744 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in BankUnited by 11.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock valued at $258,425,000 after purchasing an additional 792,163 shares in the last quarter. Neuberger Berman Group LLC grew its position in BankUnited by 3.0% in the first quarter. Neuberger Berman Group LLC now owns 5,932,281 shares of the financial services provider’s stock valued at $221,333,000 after purchasing an additional 170,686 shares in the last quarter. BlackRock Inc. grew its position in BankUnited by 14,458.5% in the first quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after purchasing an additional 4,924,867 shares in the last quarter. Finally, FMR LLC grew its position in BankUnited by 9.3% in the first quarter. FMR LLC now owns 4,576,449 shares of the financial services provider’s stock valued at $170,747,000 after purchasing an additional 388,495 shares in the last quarter. 98.58% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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