BankUnited, Inc. (NYSE:BKU) had its price objective trimmed by Deutsche Bank AG from $42.00 to $40.00 in a research report released on Wednesday, November 8th. The brokerage currently has a hold rating on the financial services provider’s stock.
Several other brokerages also recently commented on BKU. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $41.00 target price on shares of BankUnited in a report on Thursday, September 28th. Zacks Investment Research cut shares of BankUnited from a hold rating to a sell rating in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of BankUnited from a hold rating to a buy rating in a research report on Monday, October 2nd. BidaskClub cut shares of BankUnited from a sell rating to a strong sell rating in a research report on Tuesday, August 22nd. Finally, Barclays PLC reissued an overweight rating and set a $41.00 target price (up from $38.00) on shares of BankUnited in a report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $40.27.
BankUnited (NYSE:BKU) traded up $1.02 on Wednesday, hitting $35.62. 904,700 shares of the stock traded hands, compared to its average volume of 844,309. BankUnited has a twelve month low of $30.37 and a twelve month high of $41.00. The company has a market capitalization of $3,695.99, a PE ratio of 14.54, a P/E/G ratio of 1.63 and a beta of 1.08. 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 issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same period last year, the business posted $0.47 earnings per share. sell-side analysts anticipate that BankUnited will post 2.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, October 13th. BankUnited’s payout ratio is currently 35.29%.
In other BankUnited news, Chairman John Adam Kanas sold 78,190 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the transaction, the chairman now directly owns 565,076 shares in the company, valued at approximately $18,749,221.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Comerica Bank raised its stake in shares of BankUnited by 7.4% in the second quarter. Comerica Bank now owns 224,682 shares of the financial services provider’s stock worth $7,451,000 after purchasing an additional 15,437 shares during the last quarter. Northern Trust Corp raised its stake in shares of BankUnited by 1.5% in the second quarter. Northern Trust Corp now owns 481,813 shares of the financial services provider’s stock worth $16,243,000 after purchasing an additional 7,337 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BankUnited by 3.6% in the second quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock worth $295,602,000 after purchasing an additional 300,744 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in shares of BankUnited by 31.6% in the second quarter. Moody Aldrich Partners LLC now owns 24,005 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 5,770 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of BankUnited by 1.9% in the second quarter. Victory Capital Management Inc. now owns 1,581,056 shares of the financial services provider’s stock worth $53,297,000 after purchasing an additional 30,213 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.
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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