BankUnited, Inc. (NYSE:BKU) had its price objective decreased by research analysts at Deutsche Bank AG from $42.00 to $40.00 in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 22.32% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Barclays PLC restated an “overweight” rating and issued a $41.00 target price (up previously from $38.00) on shares of BankUnited in a report on Wednesday, July 12th. BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. J P Morgan Chase & Co lowered shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price for the company. in a report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. BankUnited has a consensus rating of “Hold” and a consensus target price of $40.27.
BankUnited (BKU) opened at $32.70 on Wednesday. BankUnited has a 52 week low of $30.37 and a 52 week high of $41.00. The company has a market cap of $3,514.40, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.92.
BankUnited (NYSE:BKU) last released its earnings results 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. The firm had revenue of $294.59 million during the quarter, compared to analyst estimates of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.35%. During the same quarter last year, the business earned $0.47 EPS. sell-side analysts anticipate that BankUnited will post 2.37 earnings per share for the current fiscal year.
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In related news, Chairman John Adam Kanas sold 78,190 shares of BankUnited stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the completion of the sale, the chairman now owns 565,076 shares in the company, valued at approximately $18,749,221.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of BankUnited by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 258 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of BankUnited by 54.3% in the 1st quarter. Legal & General Group Plc now owns 65,363 shares of the financial services provider’s stock valued at $2,438,000 after purchasing an additional 22,991 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BankUnited by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,115,833 shares of the financial services provider’s stock valued at $41,632,000 after purchasing an additional 43,169 shares in the last quarter. BlackRock Inc. raised its holdings in shares of BankUnited by 14,458.5% in the 1st quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after purchasing an additional 4,924,867 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of BankUnited in the 1st quarter valued at about $490,000. Institutional investors own 98.48% of the company’s stock.
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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