BankUnited (NYSE:BKU) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

A number of other brokerages also recently commented on BKU. Keefe, Bruyette & Woods raised shares of BankUnited from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $42.00 to $41.00 in a research report on Wednesday, April 26th. J P Morgan Chase & Co cut shares of BankUnited from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $42.00 to $39.00 in a report on Wednesday, April 26th. Deutsche Bank AG restated a “buy” rating and issued a $42.00 target price (down previously from $43.00) on shares of BankUnited in a report on Saturday, April 29th. BMO Capital Markets restated a “hold” rating and issued a $40.00 target price on shares of BankUnited in a report on Friday, July 7th. Finally, Morgan Stanley restated an “overweight” rating and issued a $39.00 target price (down previously from $40.00) on shares of BankUnited in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. BankUnited presently has an average rating of “Buy” and an average target price of $41.17.

Shares of BankUnited (BKU) opened at 33.21 on Tuesday. The company has a market capitalization of $3.55 billion, a PE ratio of 14.86 and a beta of 1.07. The firm’s 50-day moving average price is $33.72 and its 200 day moving average price is $35.47. BankUnited has a 52-week low of $28.13 and a 52-week high of $41.00.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. BankUnited had a net margin of 24.64% and a return on equity of 10.03%. The company had revenue of $269.48 million for the quarter, compared to the consensus estimate of $258.47 million. During the same period in the prior year, the firm posted $0.52 EPS. On average, equities analysts forecast that BankUnited will post $2.39 earnings per share for the current year.

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In related news, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $35.08, for a total transaction of $261,170.60. Following the completion of the sale, the insider now owns 29,000 shares in the company, valued at approximately $1,017,320. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John Adam Kanas sold 200,000 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $33.35, for a total transaction of $6,670,000.00. Following the sale, the chairman now owns 742,866 shares of the company’s stock, valued at approximately $24,774,581.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 507,845 shares of company stock valued at $16,779,391. 5.10% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. boosted its stake in shares of BankUnited by 36.5% in the first quarter. Suntrust Banks Inc. now owns 14,014 shares of the financial services provider’s stock worth $521,000 after buying an additional 3,749 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in shares of BankUnited during the first quarter worth $381,000. Teza Capital Management LLC acquired a new stake in shares of BankUnited during the first quarter worth $320,000. Pacer Advisors Inc. boosted its stake in shares of BankUnited by 22.2% in the first quarter. Pacer Advisors Inc. now owns 13,852 shares of the financial services provider’s stock worth $517,000 after buying an additional 2,520 shares in the last quarter. Finally, Skylands Capital LLC boosted its stake in shares of BankUnited by 6.0% in the second quarter. Skylands Capital LLC now owns 98,700 shares of the financial services provider’s stock worth $3,327,000 after buying an additional 5,600 shares in the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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