BankUnited (BKU) Earning Somewhat Favorable Media Coverage, Analysis Shows

Headlines about BankUnited (NYSE:BKU) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BankUnited earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.1613072522346 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of BankUnited (NYSE BKU) traded up $0.29 during mid-day trading on Tuesday, hitting $42.37. The company had a trading volume of 746,801 shares, compared to its average volume of 959,715. The stock has a market capitalization of $4,539.67, a P/E ratio of 7.59, a PEG ratio of 1.52 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.58. BankUnited has a one year low of $30.37 and a one year high of $43.84.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.24. The business had revenue of $285.37 million for the quarter, compared to analysts’ expectations of $270.33 million. BankUnited had a return on equity of 10.83% and a net margin of 45.09%. During the same quarter in the prior year, the firm earned $0.59 earnings per share. sell-side analysts predict that BankUnited will post 3.18 earnings per share for the current fiscal year.

BankUnited declared that its board has approved a share buyback plan on Tuesday, January 23rd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several equities research analysts have issued reports on BKU shares. BMO Capital Markets upgraded BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Barclays reiterated a “buy” rating and issued a $42.00 price objective on shares of BankUnited in a research report on Tuesday, December 5th. Morgan Stanley reiterated an “overweight” rating and issued a $46.00 price objective on shares of BankUnited in a research report on Wednesday, December 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price objective on shares of BankUnited in a research report on Thursday, December 14th. Finally, JMP Securities initiated coverage on BankUnited in a research report on Tuesday, January 9th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. BankUnited presently has a consensus rating of “Hold” and an average target price of $43.09.

In related news, Director Eugene F. Demark sold 2,682 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $42.92, for a total value of $115,111.44. Following the transaction, the director now owns 16,000 shares of the company’s stock, valued at $686,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Starr sold 2,805 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $42.89, for a total value of $120,306.45. Following the completion of the transaction, the insider now directly owns 48,104 shares in the company, valued at approximately $2,063,180.56. The disclosure for this sale can be found here. In the last three months, insiders sold 45,487 shares of company stock worth $1,920,218. 2.90% of the stock is owned by insiders.

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About BankUnited

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.

Insider Buying and Selling by Quarter for BankUnited (NYSE:BKU)

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