BankUnited (BKU) Earns Daily News Impact Rating of 0.15
Headlines about BankUnited (NYSE:BKU) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. BankUnited earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.2561205275109 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s analysis:
- Burlington Stores (BURL) Board Declares Share Repurchase Program (wisdomsave.com)
- BankUnited, Inc. (BKU) Chairman Sells $2,594,344.20 in Stock (americanbankingnews.com)
- People’s United Financial (PBCT) and BankUnited (BKU) Critical Survey (americanbankingnews.com)
- American Eagle Outfitters, Inc. (AEO) Updates Q3 Earnings Guidance (wisdomsave.com)
- What Florida banks are getting right — and wrong — in new Q2 report (bizjournals.com)
BankUnited (NYSE:BKU) opened at 33.25 on Tuesday. The firm’s 50 day moving average price is $33.69 and its 200 day moving average price is $35.42. BankUnited has a 52-week low of $28.13 and a 52-week high of $41.00. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 14.88 and a beta of 1.07.
BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $269.48 million during the quarter, compared to analyst estimates of $258.47 million. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. During the same period in the previous year, the business earned $0.52 EPS. Equities research analysts anticipate that BankUnited will post $2.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.84 dividend on an annualized basis and a yield of 2.53%. BankUnited’s dividend payout ratio is presently 37.67%.
A number of equities research analysts recently issued reports on BKU shares. Morgan Stanley reissued an “overweight” rating and issued a $39.00 target price (down previously from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. BidaskClub lowered BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Bank of America Corporation reissued a “buy” rating and issued a $46.00 target price on shares of BankUnited in a research report on Monday, July 10th. BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of BankUnited in a research report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 target price on shares of BankUnited in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. BankUnited currently has an average rating of “Buy” and a consensus price target of $41.17.
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In other BankUnited news, Chairman John Adam Kanas sold 200,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $32.65, for a total transaction of $6,530,000.00. Following the completion of the sale, the chairman now directly owns 948,070 shares in the company, valued at approximately $30,954,485.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey Starr sold 7,445 shares of the business’s 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 sale, the insider now owns 29,000 shares of the company’s stock, valued at $1,017,320. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 586,035 shares of company stock valued at $19,373,735. Company insiders own 5.10% of the company’s stock.
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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