BankUnited, Inc. (BKU) Price Target Cut to $40.00 by Analysts at Deutsche Bank AG
BankUnited, Inc. (NYSE:BKU) had its price target reduced by investment analysts at Deutsche Bank AG from $42.00 to $40.00 in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s target price points to a potential upside of 22.29% from the stock’s current price.
BKU has been the topic of several other research reports. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price target on shares of BankUnited in a research 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. Finally, J P Morgan Chase & Co cut shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.27.
Shares of BankUnited (BKU) traded down $0.32 on Wednesday, reaching $32.71. 41,922 shares of the company’s stock traded hands, compared to its average volume of 1,049,040. BankUnited has a 52 week low of $28.98 and a 52 week high of $41.00. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $3,556.10, a PE ratio of 13.99, a PEG ratio of 1.59 and a beta of 1.08.
BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.35%. During the same quarter in the previous year, the company posted $0.47 EPS. sell-side analysts predict that BankUnited will post 2.37 EPS for the current year.
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In other BankUnited news, Chairman John Adam Kanas sold 78,190 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the sale, the chairman now directly owns 565,076 shares in the company, valued at $18,749,221.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado increased its stake in BankUnited by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BankUnited by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 276 shares during the period. Macquarie Group Ltd. purchased a new stake in BankUnited during the third quarter worth about $174,000. Forward Management LLC purchased a new stake in BankUnited during the third quarter worth about $192,000. Finally, QS Investors LLC increased its stake in BankUnited by 9.6% during the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 550 shares during the period. Institutional investors own 98.48% 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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