BankUnited, Inc. (BKU) Receives Average Rating of “Hold” from Brokerages

BankUnited, Inc. (NYSE:BKU) has been given an average rating of “Hold” by the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $40.56.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Deutsche Bank decreased their price objective on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. BMO Capital Markets upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 target price on shares of BankUnited in a research note on Thursday, September 28th. Finally, J P Morgan Chase & Co cut shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price for the company. in a research note on Wednesday, November 1st.

In other news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in BankUnited by 30.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock valued at $167,747,000 after buying an additional 1,106,515 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of BankUnited by 3,522.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock valued at $32,738,000 after purchasing an additional 944,359 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of BankUnited in the 3rd quarter valued at about $24,703,000. SG Americas Securities LLC raised its holdings in shares of BankUnited by 5,718.4% in the 2nd quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock valued at $23,168,000 after purchasing an additional 675,453 shares in the last quarter. Finally, NWQ Investment Management Company LLC purchased a new position in shares of BankUnited in the 3rd quarter worth approximately $18,498,000. Hedge funds and other institutional investors own 95.94% of the company’s stock.

Shares of BankUnited (BKU) traded down $0.71 during mid-day trading on Friday, hitting $37.23. 1,135,300 shares of the stock traded hands, compared to its average volume of 844,221. The company has a market cap of $3,980.00, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. BankUnited has a 12-month low of $30.37 and a 12-month high of $41.00. 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 (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 Thomson Reuters’ consensus estimate of $0.59 by $0.03. The firm had revenue of $294.59 million for the quarter, compared to the consensus estimate of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same period last year, the firm earned $0.47 EPS. equities analysts expect that BankUnited will post 2.39 earnings per share for the current year.

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About BankUnited

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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