BankUnited (NYSE:BKU) has received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $43.10.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. ValuEngine lowered BankUnited from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. UBS Group began coverage on BankUnited in a research note on Wednesday, March 21st. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Sandler O’Neill raised BankUnited from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th.
In related news, insider Rajinder P. Singh sold 74,927 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $43.26, for a total value of $3,241,342.02. Following the completion of the transaction, the insider now directly owns 305,221 shares of the company’s stock, valued at $13,203,860.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $40.63, for a total transaction of $40,630.00. Following the completion of the transaction, the insider now directly owns 25,118 shares of the company’s stock, valued at $1,020,544.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,378 shares of company stock worth $8,411,444. 2.30% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in BKU. Amica Retiree Medical Trust purchased a new position in shares of BankUnited in the fourth quarter worth $138,000. Timber Hill LLC purchased a new stake in BankUnited during the 1st quarter worth $203,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BankUnited by 49.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,511 shares of the financial services provider’s stock worth $224,000 after buying an additional 1,818 shares during the period. Bristol John W & Co. Inc. NY purchased a new stake in BankUnited during the 1st quarter worth $235,000. Finally, Public Employees Retirement Association of Colorado increased its stake in BankUnited by 109.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,858 shares of the financial services provider’s stock worth $279,000 after buying an additional 3,582 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.
BankUnited traded down $0.53, reaching $43.24, on Tuesday, according to Marketbeat. The company had a trading volume of 1,646,208 shares, compared to its average volume of 947,404. The firm has a market capitalization of $4.64 billion, a P/E ratio of 16.32, a PEG ratio of 1.50 and a beta of 1.07. BankUnited has a 52-week low of $30.37 and a 52-week high of $44.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.45.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The business had revenue of $275.80 million during the quarter, compared to analyst estimates of $271.96 million. BankUnited had a return on equity of 11.16% and a net margin of 45.31%. During the same period in the prior year, the firm posted $0.57 EPS. sell-side analysts predict that BankUnited will post 3.3 EPS for the current fiscal year.
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.
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