BankUnited Inc. (BKU) Upgraded at TheStreet
BKU has been the subject of a number of other reports. Barclays PLC decreased their target price on BankUnited from $34.00 to $33.00 and set an equal weight rating for the company in a research note on Tuesday, October 11th. Sandler O’Neill downgraded BankUnited from a buy rating to a hold rating and set a $33.00 target price for the company. in a research note on Thursday, July 21st. Royal Bank Of Canada decreased their target price on BankUnited from $39.00 to $37.00 and set an outperform rating for the company in a research note on Thursday, July 21st. BMO Capital Markets restated a hold rating and issued a $34.00 target price on shares of BankUnited in a research note on Thursday, July 21st. Finally, Hovde Group upgraded BankUnited from an underperform rating to a market perform rating and lifted their target price for the company from $28.00 to $29.00 in a research note on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $34.75.
Shares of BankUnited (NYSE:BKU) opened at 33.39 on Wednesday. The company has a 50 day moving average price of $29.80 and a 200-day moving average price of $31.17. The firm has a market cap of $3.48 billion, a PE ratio of 16.49 and a beta of 0.92. BankUnited has a 12-month low of $27.85 and a 12-month high of $38.21.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.06. BankUnited had a return on equity of 9.50% and a net margin of 19.35%. During the same period last year, the company earned $0.50 earnings per share. Analysts expect that BankUnited will post $2.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, October 13th. BankUnited’s payout ratio is 41.58%.
In other BankUnited news, Director Eugene F. Demark sold 1,000 shares of BankUnited stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $29.53, for a total transaction of $29,530.00. Following the transaction, the director now directly owns 16,682 shares in the company, valued at approximately $492,619.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Starr sold 5,000 shares of BankUnited stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $31.20, for a total transaction of $156,000.00. Following the transaction, the insider now owns 34,000 shares in the company, valued at $1,060,800. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in BankUnited by 9.3% in the third quarter. Pacer Advisors Inc. now owns 3,377 shares of the financial services provider’s stock valued at $102,000 after buying an additional 288 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in BankUnited during the third quarter valued at $177,000. Janney Montgomery Scott LLC boosted its position in BankUnited by 7.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,736 shares of the financial services provider’s stock valued at $243,000 after buying an additional 494 shares during the last quarter. Bayesian Capital Management LP purchased a new position in BankUnited during the first quarter valued at $234,000. Finally, Aperio Group LLC boosted its position in BankUnited by 1.6% in the third quarter. Aperio Group LLC now owns 6,832 shares of the financial services provider’s stock valued at $206,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.
BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
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