BankUnited, Inc. (BKU) Receives $40.56 Average PT from Brokerages
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.
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.
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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