BankUnited (BKU) Given “Buy” Rating at Barclays

BankUnited (NYSE:BKU)‘s stock had its “buy” rating reaffirmed by Barclays in a note issued to investors on Tuesday. They presently have a $42.00 price objective on the financial services provider’s stock. Barclays’ price objective indicates a potential upside of 6.28% from the company’s previous close.

Several other brokerages have also weighed in on BKU. BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. BMO Capital Markets raised shares of BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. ValuEngine raised shares of BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. J P Morgan Chase & Co lowered shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price objective on the stock. 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 analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. BankUnited presently has an average rating of “Hold” and an average target price of $40.60.

BankUnited (BKU) traded down $0.10 during midday trading on Tuesday, hitting $39.52. 1,161,800 shares of the stock were exchanged, compared to its average volume of 851,040. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $4,232.23, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09. BankUnited has a 1-year low of $30.37 and a 1-year high of $41.00.

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

In related 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 transaction, the insider now owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in BankUnited by 3.6% during the second quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock valued at $295,602,000 after purchasing an additional 300,744 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in BankUnited by 30.8% during the third quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock valued at $167,747,000 after purchasing an additional 1,106,515 shares during the last quarter. State Street Corp grew its holdings in BankUnited by 5.4% during the second quarter. State Street Corp now owns 4,027,935 shares of the financial services provider’s stock valued at $135,782,000 after purchasing an additional 207,520 shares during the last quarter. Jennison Associates LLC grew its holdings in BankUnited by 16.7% during the third quarter. Jennison Associates LLC now owns 2,411,374 shares of the financial services provider’s stock valued at $85,773,000 after purchasing an additional 345,760 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in BankUnited by 4.8% during the third quarter. Douglas Lane & Associates LLC now owns 1,862,582 shares of the financial services provider’s stock valued at $66,252,000 after purchasing an additional 84,844 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

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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.

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