BankUnited (BKU) Receives Consensus Recommendation of “Buy” from Analysts

Shares of BankUnited (NYSE:BKU) have earned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.20.

Several brokerages have weighed in on BKU. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 target price on shares of BankUnited in a research report on Thursday, September 28th. Zacks Investment Research raised BankUnited from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, January 12th. JMP Securities began coverage on BankUnited in a research report on Tuesday, January 9th. They issued an “outperform” rating on the stock. ValuEngine raised BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Barclays upped their target price on BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd.

Shares of BankUnited (NYSE:BKU) traded up $0.55 during mid-day trading on Friday, reaching $42.95. The company’s stock had a trading volume of 639,449 shares, compared to its average volume of 613,544. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96. BankUnited has a 12 month low of $30.37 and a 12 month high of $43.39. The firm has a market cap of $4,529.19, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.56 and a beta of 1.09.

BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, topping the 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 company had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. During the same period in the prior year, the firm posted $0.47 EPS. sell-side analysts forecast that BankUnited will post 2.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, January 11th. BankUnited’s dividend payout ratio is 35.29%.

In other news, insider Mark Bagnoli sold 1,000 shares of the 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 transaction, the insider now owns 19,699 shares of the company’s stock, valued at approximately $706,800.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BKU. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BankUnited by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 276 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in BankUnited in the 3rd quarter valued at approximately $174,000. Forward Management LLC acquired a new stake in BankUnited in the 3rd quarter valued at approximately $192,000. QS Investors LLC grew its holdings in BankUnited by 9.6% in the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares during the last quarter. Finally, Worth Venture Partners LLC acquired a new stake in BankUnited in the 3rd quarter valued at approximately $226,000. 95.89% of the stock is currently owned by institutional investors and hedge funds.

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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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