Shares of BankUnited (NYSE:BKU) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $42.89.
Several research firms have weighed in on BKU. Zacks Investment Research lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday. Hovde Group lowered BankUnited from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $45.00 to $44.00 in a report on Wednesday, February 7th. ValuEngine raised BankUnited from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Barclays boosted their target price on BankUnited from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $41.00 target price on shares of BankUnited in a report on Wednesday, January 24th.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the transaction, the insider now directly 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 link. Also, Director Douglas J. Pauls sold 40,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $42.12, for a total value of $1,684,800.00. Following the completion of the transaction, the director now directly owns 31,380 shares in the company, valued at $1,321,725.60. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
BankUnited (NYSE BKU) traded up $0.50 during trading hours on Wednesday, hitting $40.41. The company’s stock had a trading volume of 221,944 shares, compared to its average volume of 967,073. The firm has a market cap of $4,238.67, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. BankUnited has a 52-week low of $30.37 and a 52-week high of $43.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.24. The firm had revenue of $285.37 million for the quarter, compared to analyst estimates of $270.33 million. BankUnited had a return on equity of 57.07% and a net margin of 146.41%. During the same quarter in the previous year, the firm earned $0.59 EPS. equities research analysts forecast that BankUnited will post 3.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, January 11th. BankUnited’s payout ratio is presently 15.05%.
BankUnited declared that its board has authorized a share repurchase program on Tuesday, January 23rd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
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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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