BankUnited (BKU) Given Outperform Rating at Wells Fargo & Co
BankUnited (NYSE:BKU)‘s stock had its “outperform” rating reiterated by investment analysts at Wells Fargo & Co in a research note issued to investors on Tuesday, The Fly reports. They currently have a $50.00 price target on the financial services provider’s stock, up from their prior price target of $42.00. Wells Fargo & Co’s price target would suggest a potential upside of 23.40% from the company’s current price.
Several other research analysts have also weighed in on the company. JMP Securities began coverage on BankUnited in a research report on Tuesday. They set an “outperform” rating on the stock. Barclays boosted their price target on BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $42.00 price target on shares of BankUnited in a research report on Thursday, December 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $46.00 price target on shares of BankUnited in a research report on Wednesday, December 13th. Finally, BMO Capital Markets raised BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. BankUnited currently has an average rating of “Hold” and a consensus price target of $42.40.
BankUnited (BKU) opened at $40.52 on Tuesday. The firm has a market capitalization of $4,330.00, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. BankUnited has a 1 year low of $30.37 and a 1 year high of $41.64. 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 (NYSE:BKU) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The firm had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same quarter in the previous year, the firm earned $0.47 EPS. sell-side analysts forecast that BankUnited will post 2.37 earnings per share for the current fiscal year.
In other news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the transaction, the insider now directly owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of BankUnited by 1.5% during the 2nd quarter. Northern Trust Corp now owns 481,813 shares of the financial services provider’s stock worth $16,243,000 after acquiring an additional 7,337 shares during the period. Vanguard Group Inc. boosted its stake in shares of BankUnited by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock worth $295,602,000 after acquiring an additional 300,744 shares during the period. Cipher Capital LP boosted its stake in shares of BankUnited by 19.1% during the 3rd quarter. Cipher Capital LP now owns 116,677 shares of the financial services provider’s stock worth $4,150,000 after acquiring an additional 18,673 shares during the period. Victory Capital Management Inc. boosted its stake in shares of BankUnited by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,618,948 shares of the financial services provider’s stock worth $57,586,000 after acquiring an additional 37,892 shares during the period. Finally, LaSalle Street Capital Management LLC boosted its stake in shares of BankUnited by 66.1% during the 3rd quarter. LaSalle Street Capital Management LLC now owns 10,890 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 4,333 shares during the period. Institutional investors own 95.26% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “BankUnited (BKU) Given Outperform Rating at Wells Fargo & Co” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/bankunited-bku-given-outperform-rating-at-wells-fargo-co/1799715.html.
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.
Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with Analyst Ratings Network's FREE daily email newsletter.