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.
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.
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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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