Favorable News Coverage Somewhat Unlikely to Impact BankUnited (BKU) Stock Price
News articles about BankUnited (NYSE:BKU) have trended positive on Monday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. BankUnited earned a news impact score of 0.28 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.2439885076786 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities analysts recently commented on BKU shares. Deutsche Bank decreased their price objective on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. ValuEngine lowered shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BankUnited in a research report on Thursday, September 28th. J P Morgan Chase & Co lowered shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price objective for the company. in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $40.60.
Shares of BankUnited (NYSE:BKU) traded down $0.36 during midday trading on Monday, hitting $39.75. 932,332 shares of the stock were exchanged, compared to its average volume of 853,153. The firm has a market cap of $4,284.57, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.09. BankUnited has a twelve month low of $30.37 and a twelve month high of $41.64. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86.
In other news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the sale, the insider now owns 19,699 shares of the company’s stock, valued at approximately $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by company insiders.
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BankUnited Company Profile
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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