BankUnited, Inc. (BKU) Lowered to “Underweight” at J P Morgan Chase & Co

BankUnited, Inc. (NYSE:BKU) was downgraded by stock analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report issued on Wednesday, MarketBeat.com reports. They presently have a $35.00 target price on the financial services provider’s stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 0.43% from the stock’s previous close.

A number of other analysts have also commented on BKU. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 price target on shares of BankUnited in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Barclays PLC reiterated an “overweight” rating and issued a $41.00 price target (up from $38.00) on shares of BankUnited in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. BankUnited currently has an average rating of “Hold” and an average target price of $40.82.

BankUnited (NYSE:BKU) traded down 2.90% on Wednesday, reaching $33.84. 828,621 shares of the company traded hands. The stock’s 50 day moving average price is $34.56 and its 200 day moving average price is $34.05. The company has a market capitalization of $3.61 billion, a PE ratio of 15.14 and a beta of 1.10. BankUnited has a one year low of $28.38 and a one year high of $41.00.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. The firm had revenue of $294.59 million during the quarter, compared to analyst estimates of $273.51 million. During the same period in the previous year, the business posted $0.47 earnings per share. On average, equities research analysts predict that BankUnited will post $2.36 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “BankUnited, Inc. (BKU) Lowered to “Underweight” at J P Morgan Chase & Co” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2017/11/01/bankunited-inc-bku-cut-to-underweight-at-j-p-morgan-chase-co.html.

In other BankUnited news, insider Jeffrey Starr sold 7,445 shares of BankUnited stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $35.08, for a total transaction of $261,170.60. Following the transaction, the insider now owns 29,000 shares of the company’s stock, valued at $1,017,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John Adam Kanas sold 78,190 shares of BankUnited stock in a transaction that occurred on 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 transaction, the chairman now directly owns 565,076 shares in the company, valued at approximately $18,749,221.68. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Large investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado lifted its holdings 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 valued at $110,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 valued at $124,000 after purchasing an additional 276 shares in the last quarter. Karp Capital Management Corp purchased a new position in BankUnited during the first quarter valued at approximately $222,000. QS Investors LLC lifted its holdings in BankUnited by 9.6% during the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 550 shares in the last quarter. Finally, LaSalle Street Capital Management LLC purchased a new position in BankUnited during the second quarter valued at approximately $221,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.

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)

What are top analysts saying about BankUnited Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BankUnited Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit