Media stories about BankUnited (NYSE:BKU) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BankUnited earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.983386245766 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Walker & Dunlop (WD) and BankUnited (BKU) Critical Comparison (americanbankingnews.com)
- $272.96 Million in Sales Expected for BankUnited, Inc. (BKU) This Quarter (americanbankingnews.com)
- South Florida’s highest-paid finance executives (finance.yahoo.com)
- ETFs with exposure to BankUnited, Inc. : October 3, 2017 (finance.yahoo.com)
A number of equities research analysts have issued reports on BKU shares. Bank of America Corporation reissued a “buy” rating and issued a $46.00 price target on shares of BankUnited in a report on Monday, July 10th. BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. ValuEngine lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Wedbush reissued a “neutral” rating and issued a $35.00 price target on shares of BankUnited in a report on Tuesday, June 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $39.00 price target (down previously from $40.00) on shares of BankUnited in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $40.82.
Shares of BankUnited (BKU) opened at 34.91 on Tuesday. BankUnited has a 52 week low of $28.13 and a 52 week high of $41.00. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 15.62 and a beta of 1.10. The stock’s 50 day moving average is $33.68 and its 200-day moving average is $34.22.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $269.48 million for the quarter, compared to analysts’ expectations of $258.47 million. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities analysts anticipate that BankUnited will post $2.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, October 13th. BankUnited’s payout ratio is 37.67%.
In other BankUnited news, Chairman John Adam Kanas sold 100,400 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $33.05, for a total transaction of $3,318,220.00. Following the transaction, the chairman now directly owns 742,866 shares in the company, valued at approximately $24,551,721.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction dated Friday, August 4th. The stock was 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 in the company, valued at $1,017,320. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 386,035 shares of company stock worth $12,843,735. 5.10% of the stock is owned by company insiders.
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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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