BankUnited (BKU) Now Covered by Analysts at JMP Securities
JMP Securities began coverage on shares of BankUnited (NYSE:BKU) in a research note issued to investors on Tuesday morning. The firm issued an outperform rating on the financial services provider’s stock.
Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reiterated a buy rating and set a $42.00 target price on shares of BankUnited in a research report on Thursday, December 14th. Barclays reiterated a buy rating and set a $42.00 target price on shares of BankUnited in a research report on Tuesday, December 5th. ValuEngine upgraded BankUnited from a hold rating to a buy rating in a research report on Monday, October 2nd. Deutsche Bank cut their target price on BankUnited from $42.00 to $40.00 and set a hold rating on the stock in a research report on Wednesday, November 8th. Finally, BMO Capital Markets upgraded BankUnited from a market perform rating to an outperform rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $42.91.
BankUnited (NYSE:BKU) traded up $0.62 on Tuesday, hitting $43.18. The stock had a trading volume of 696,154 shares, compared to its average volume of 899,400. 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 twelve month low of $30.37 and a twelve month high of $43.22. The firm has a market capitalization of $4,610.00, a PE ratio of 18.14, a P/E/G ratio of 1.57 and a beta of 1.09.
BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping the Zacks’ 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 business had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. equities research analysts forecast that BankUnited will post 2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, January 11th. BankUnited’s dividend payout ratio (DPR) is presently 35.29%.
In related news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the transaction, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC increased its position in BankUnited by 0.8% during the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BankUnited by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 276 shares during the period. Legal & General Group Plc increased its position in BankUnited by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 65,776 shares of the financial services provider’s stock worth $2,217,000 after purchasing an additional 413 shares during the period. QS Investors LLC increased its position in BankUnited by 9.6% during the 2nd 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. Finally, Tudor Investment Corp ET AL increased its position in BankUnited by 6.4% during the 2nd 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. Hedge funds and other institutional investors own 95.26% of the company’s stock.
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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