BankUnited (BKU) Given Average Recommendation of “Hold” by Analysts

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.

A number of hedge funds and other institutional investors have recently modified their holdings of BKU. Citadel Advisors LLC grew its holdings in BankUnited by 1,334.0% in the 4th quarter. Citadel Advisors LLC now owns 2,228,050 shares of the financial services provider’s stock valued at $90,727,000 after buying an additional 2,072,682 shares in the last quarter. Brown Advisory Inc. grew its holdings in BankUnited by 282.3% in the 4th quarter. Brown Advisory Inc. now owns 2,655,021 shares of the financial services provider’s stock valued at $108,112,000 after buying an additional 1,960,555 shares in the last quarter. Alliancebernstein L.P. grew its holdings in BankUnited by 2,161.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,377,964 shares of the financial services provider’s stock valued at $56,111,000 after buying an additional 1,317,021 shares in the last quarter. JPMorgan Chase & Co. grew 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 valued at $167,747,000 after buying an additional 1,106,515 shares in the last quarter. Finally, NWQ Investment Management Company LLC acquired a new position in BankUnited in the 3rd quarter valued at $18,498,000. 96.43% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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