BankUnited’s (BKU) “Overweight” Rating Reaffirmed at Morgan Stanley
BankUnited (NYSE:BKU)‘s stock had its “overweight” rating restated by research analysts at Morgan Stanley in a note issued to investors on Wednesday. They presently have a $46.00 price objective on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 15.20% from the stock’s previous close.
A number of other research analysts have also commented on the company. J P Morgan Chase & Co lowered BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a report on Wednesday, November 1st. BMO Capital Markets raised BankUnited from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Deutsche Bank lowered their target price on BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. ValuEngine lowered BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut BankUnited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.30.
BankUnited (NYSE BKU) traded up $0.18 during mid-day trading on Wednesday, hitting $39.93. 1,049,600 shares of the stock were exchanged, compared to its average volume of 853,974. BankUnited has a twelve month low of $30.37 and a twelve month high of $41.64. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $4,246.12, a P/E ratio of 16.70, a P/E/G ratio of 1.88 and a beta of 1.09.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the sale, the insider now directly owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in BKU. JPMorgan Chase & Co. lifted its holdings in BankUnited by 30.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock worth $167,747,000 after purchasing an additional 1,106,515 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in 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 worth $32,738,000 after purchasing an additional 944,359 shares during the last quarter. Brown Advisory Inc. acquired a new stake in BankUnited in the 3rd quarter worth approximately $24,703,000. SG Americas Securities LLC lifted its holdings in 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 worth $23,168,000 after purchasing an additional 675,453 shares during the last quarter. Finally, NWQ Investment Management Company LLC acquired a new stake in BankUnited in the 3rd quarter worth approximately $18,498,000. Institutional investors and hedge funds own 95.93% of the company’s stock.
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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.
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