Bank of America cut shares of BankUnited (NYSE:BKU) from a buy rating to a neutral rating in a research report sent to investors on Thursday, MarketBeat.com reports. The brokerage currently has $34.00 price target on the financial services provider’s stock.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded BankUnited from a hold rating to a sell rating in a research note on Wednesday, January 2nd. TheStreet downgraded BankUnited from a b- rating to a c+ rating in a research note on Friday, December 21st. Morgan Stanley dropped their price target on BankUnited from $38.00 to $37.00 and set an equal weight rating for the company in a research note on Tuesday, December 11th. Keefe, Bruyette & Woods restated a hold rating and issued a $39.00 price target on shares of BankUnited in a research note on Thursday, November 15th. Finally, BMO Capital Markets dropped their price target on BankUnited from $45.00 to $40.00 and set an outperform rating for the company in a research note on Monday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $41.00.

BankUnited stock opened at $32.15 on Thursday. The company has a market capitalization of $3.40 billion, a P/E ratio of 12.13, a PEG ratio of 1.28 and a beta of 1.04. BankUnited has a 12-month low of $28.05 and a 12-month high of $44.97. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.61.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The company had revenue of $290.70 million during the quarter, compared to analyst estimates of $292.57 million. BankUnited had a net margin of 46.00% and a return on equity of 11.89%. During the same period in the prior year, the firm posted $0.62 EPS. Analysts forecast that BankUnited will post 3.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, January 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, January 11th. This represents a $0.84 annualized dividend and a yield of 2.61%. BankUnited’s payout ratio is 31.70%.

In other news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $31.82, for a total transaction of $31,820.00. Following the completion of the transaction, the insider now directly owns 24,118 shares in the company, valued at approximately $767,434.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio boosted its position in shares of BankUnited by 9.3% during the 3rd quarter. Strs Ohio now owns 658,846 shares of the financial services provider’s stock valued at $23,323,000 after acquiring an additional 55,836 shares during the last quarter. US Bancorp DE boosted its position in shares of BankUnited by 43.0% during the 2nd quarter. US Bancorp DE now owns 11,333 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 3,408 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of BankUnited by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 563,497 shares of the financial services provider’s stock valued at $23,019,000 after acquiring an additional 19,029 shares during the last quarter. LSV Asset Management boosted its position in shares of BankUnited by 0.9% during the 3rd quarter. LSV Asset Management now owns 2,023,200 shares of the financial services provider’s stock valued at $71,621,000 after acquiring an additional 17,600 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position in shares of BankUnited by 23.2% during the 3rd quarter. Alps Advisors Inc. now owns 13,210 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 2,486 shares during the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.

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Analyst Recommendations for BankUnited (NYSE:BKU)

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