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.
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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.
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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