Headlines about BankUnited (NYSE:BKU) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BankUnited earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.2043315345077 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- BankUnited (BKU) Expected to Post Earnings of $0.72 Per Share (americanbankingnews.com)
- Insider Selling: BankUnited (BKU) Director Sells 2,682 Shares of Stock (americanbankingnews.com)
- BankUnited (BKU) Insider Sells $120,306.45 in Stock (americanbankingnews.com)
- BankUnited (BKU) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Shares of BankUnited (BKU) traded up $0.05 during midday trading on Friday, hitting $42.82. The stock had a trading volume of 3,574,189 shares, compared to its average volume of 972,786. The company has a market cap of $4,442.13, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.96 and a quick ratio of 0.96. BankUnited has a 12 month low of $30.37 and a 12 month high of $43.84.
BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.24. The company had revenue of $285.37 million during the quarter, compared to analysts’ expectations of $270.33 million. BankUnited had a return on equity of 10.83% and a net margin of 45.09%. During the same quarter last year, the company earned $0.59 EPS. sell-side analysts anticipate that BankUnited will post 3.18 earnings per share for the current fiscal year.
BankUnited declared that its board has approved a share repurchase program on Tuesday, January 23rd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
A number of equities analysts have issued reports on the company. Barclays increased their target price on BankUnited from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $41.00 target price on shares of BankUnited in a report on Wednesday, January 24th. Zacks Investment Research upgraded BankUnited from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, January 12th. ValuEngine upgraded BankUnited from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Wells Fargo restated an “outperform” rating and issued a $50.00 price objective (up previously from $42.00) on shares of BankUnited in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. BankUnited currently has an average rating of “Hold” and a consensus price target of $43.09.
In related news, Director Eugene F. Demark sold 2,682 shares of BankUnited stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $42.92, for a total transaction of $115,111.44. Following the completion of the transaction, the director now owns 16,000 shares in the company, valued at $686,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Starr sold 2,805 shares of BankUnited stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $42.89, for a total value of $120,306.45. Following the transaction, the insider now owns 48,104 shares of the company’s stock, valued at approximately $2,063,180.56. The disclosure for this sale can be found here. Insiders have sold 45,487 shares of company stock valued at $1,920,218 in the last quarter. 5.10% of the stock is currently owned by corporate insiders.
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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