BMO Capital Markets upgraded shares of BankUnited, Inc. (NYSE:BKU) from a market perform rating to an outperform rating in a research report report published on Monday, MarketBeat.com reports.

BKU has been the subject of a number of other reports. Deutsche Bank AG decreased their price objective on BankUnited from $42.00 to $40.00 and set a hold rating for the company in a research report on Wednesday, November 8th. ValuEngine lowered BankUnited from a buy rating to a hold rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods restated a buy rating and set a $41.00 price objective on shares of BankUnited in a research report on Thursday, September 28th. J P Morgan Chase & Co lowered BankUnited from a neutral rating to an underweight rating and set a $35.00 price objective for the company. in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered BankUnited from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. BankUnited currently has an average rating of Hold and an average target price of $40.27.

BankUnited (NYSE:BKU) opened at $35.79 on Monday. The stock has a market capitalization of $3,841.26, a PE ratio of 15.11, a P/E/G ratio of 1.70 and a beta of 1.08. BankUnited has a fifty-two week low of $30.37 and a fifty-two week high of $41.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. The firm had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. During the same period in the previous year, the company earned $0.47 earnings per share. analysts anticipate that BankUnited will post 2.39 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.35%. BankUnited’s dividend payout ratio is 35.29%.

In other news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction dated 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 sale, 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 SEC, which can be accessed through this link. 5.10% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in BKU. Vanguard Group Inc. raised its stake in shares of BankUnited by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock valued at $295,602,000 after acquiring an additional 300,744 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in BankUnited by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock worth $258,425,000 after buying an additional 792,163 shares during the period. JPMorgan Chase & Co. increased its position in BankUnited by 30.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock worth $167,747,000 after buying an additional 1,106,515 shares during the period. State Street Corp increased its position in BankUnited by 5.4% in the 2nd quarter. State Street Corp now owns 4,027,935 shares of the financial services provider’s stock worth $135,782,000 after buying an additional 207,520 shares during the period. Finally, Jennison Associates LLC increased its position in BankUnited by 16.7% in the 3rd quarter. Jennison Associates LLC now owns 2,411,374 shares of the financial services provider’s stock worth $85,773,000 after buying an additional 345,760 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

About BankUnited

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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