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.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. The firm had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. During the same period last year, the business posted $0.47 earnings per share. research analysts forecast that BankUnited will post 2.39 EPS for the current fiscal year.

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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