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.

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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