Shares of BankUnited (NYSE:BKU) have earned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.20.
Several brokerages have weighed in on BKU. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 target price on shares of BankUnited in a research report on Thursday, September 28th. Zacks Investment Research raised BankUnited from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, January 12th. JMP Securities began coverage on BankUnited in a research report on Tuesday, January 9th. They issued an “outperform” rating on the stock. ValuEngine raised BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Barclays upped their target price on BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd.
Shares of BankUnited (NYSE:BKU) traded up $0.55 during mid-day trading on Friday, reaching $42.95. The company’s stock had a trading volume of 639,449 shares, compared to its average volume of 613,544. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96. BankUnited has a 12 month low of $30.37 and a 12 month high of $43.39. The firm has a market cap of $4,529.19, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.56 and a beta of 1.09.
BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. The company had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. During the same period in the prior year, the firm posted $0.47 EPS. sell-side analysts forecast that BankUnited will post 2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, January 11th. BankUnited’s dividend payout ratio is 35.29%.
In other news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was 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 approximately $706,800.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of BKU. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BankUnited by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 276 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in BankUnited in the 3rd quarter valued at approximately $174,000. Forward Management LLC acquired a new stake in BankUnited in the 3rd quarter valued at approximately $192,000. QS Investors LLC grew its holdings in BankUnited by 9.6% in the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares during the last quarter. Finally, Worth Venture Partners LLC acquired a new stake in BankUnited in the 3rd quarter valued at approximately $226,000. 95.89% of the stock is currently owned by institutional investors and hedge funds.
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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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