BankUnited (BKU) Lifted to “Buy” at ValuEngine
BankUnited (NYSE:BKU) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Several other equities analysts have also recently issued reports on the stock. Barclays upped their price target on shares of BankUnited from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $41.00 price target on shares of BankUnited in a research report on Wednesday. Zacks Investment Research upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Friday, January 12th. Wells Fargo & Co restated an “outperform” rating and issued a $50.00 price target (up from $42.00) on shares of BankUnited in a research report on Tuesday, January 9th. Finally, JMP Securities began coverage on shares of BankUnited in a research report on Tuesday, January 9th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.09.
BankUnited (BKU) opened at $41.90 on Thursday. The company has a debt-to-equity ratio of 1.86, 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. The stock has a market cap of $4,480.00, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.
BankUnited announced that its board has authorized a stock buyback program on Tuesday, January 23rd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the sale, the insider now directly owns 19,699 shares in the company, valued at $706,800.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Pauls sold 40,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $42.12, for a total transaction of $1,684,800.00. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. ProShare Advisors LLC grew its holdings in BankUnited by 0.8% in the second quarter. ProShare Advisors LLC now owns 18,716 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 146 shares during the period. QS Investors LLC grew its holdings in BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 550 shares during the period. Tudor Investment Corp ET AL grew its holdings in BankUnited by 6.4% in the second quarter. Tudor Investment Corp ET AL now owns 13,977 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 842 shares during the period. Suntrust Banks Inc. grew its holdings in BankUnited by 8.2% in the second quarter. Suntrust Banks Inc. now owns 15,160 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 1,146 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in BankUnited by 11.5% in the third quarter. Pacer Advisors Inc. now owns 16,183 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 1,675 shares during the period. Institutional investors and hedge funds own 95.18% of the company’s stock.
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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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