Shares of BankUnited, Inc. (NYSE:BKU) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $40.56.

Several equities research analysts have recently weighed in on BKU shares. BidaskClub downgraded BankUnited from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 price objective on shares of BankUnited in a report on Thursday, September 28th. Zacks Investment Research downgraded BankUnited from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co downgraded BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price objective for the company. in a report on Wednesday, November 1st.

BankUnited (NYSE BKU) traded up $2.22 during mid-day trading on Friday, hitting $39.62. The stock had a trading volume of 2,263,109 shares, compared to its average volume of 849,706. The firm has a market capitalization of $3,995.09, a P/E ratio of 15.71, a P/E/G ratio of 1.77 and a beta of 1.09. BankUnited has a 1-year low of $30.37 and a 1-year high of $41.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The business had revenue of $294.59 million during the quarter, compared to the consensus estimate of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same period in the prior year, the company earned $0.47 earnings per share. equities research analysts expect that BankUnited will post 2.39 EPS for the current fiscal year.

In related news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the sale, the insider now directly owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. acquired a new stake in shares of BankUnited during the third quarter worth $514,000. California Public Employees Retirement System lifted its holdings in shares of BankUnited by 7.3% during the third quarter. California Public Employees Retirement System now owns 266,249 shares of the financial services provider’s stock worth $9,470,000 after purchasing an additional 18,049 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of BankUnited during the third quarter worth $5,336,000. Jacobs Asset Management LLC purchased a new position in BankUnited in the third quarter worth $4,446,000. Finally, Maltese Capital Management LLC raised its position in BankUnited by 2.2% in the third quarter. Maltese Capital Management LLC now owns 153,300 shares of the financial services provider’s stock worth $5,453,000 after acquiring an additional 3,300 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

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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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