BankUnited (NYSE:BKU) Getting Somewhat Positive Press Coverage, Study Finds
Media coverage about BankUnited (NYSE:BKU) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BankUnited earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.502852995517 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- BankUnited, Inc. breached its 50 day moving average in a Bearish Manner : BKU-US : August 11, 2017 (finance.yahoo.com)
- Is Now The Right Time To Bet On Molson Coors Brewing Company (footballhebdo.com)
- Insider Trading Activity BankUnited, Inc. (NYSE:BKU) – Insider Sold 7,445 shares of Stock (4-traders.com)
- BankUnited, Inc. (BKU) Insider Sells $261,170.60 in Stock (americanbankingnews.com)
A number of analysts have issued reports on BKU shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 target price on shares of BankUnited in a research report on Friday, May 26th. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 target price (down from $43.00) on shares of BankUnited in a research report on Saturday, April 29th. Bank of America Corporation reissued a “buy” rating and issued a $46.00 target price on shares of BankUnited in a research report on Monday, July 10th. BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of BankUnited in a research report on Friday, July 7th. Finally, Wedbush reissued a “neutral” rating and issued a $35.00 target price on shares of BankUnited in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. BankUnited has a consensus rating of “Buy” and a consensus price target of $41.17.
BankUnited (NYSE BKU) opened at 33.24 on Friday. The stock has a 50 day moving average price of $33.74 and a 200 day moving average price of $35.75. The stock has a market capitalization of $3.55 billion, a PE ratio of 14.87 and a beta of 1.07. BankUnited has a 12 month low of $28.13 and a 12 month high of $41.00.
BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $269.48 million during the quarter, compared to analyst estimates of $258.47 million. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. During the same period in the prior year, the business posted $0.52 EPS. On average, equities research analysts forecast that BankUnited will post $2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.53%. BankUnited’s dividend payout ratio (DPR) is 37.67%.
In other BankUnited news, Chairman John Adam Kanas sold 200,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $33.92, for a total value of $6,784,000.00. Following the completion of the sale, the chairman now owns 1,145,155 shares in the company, valued at approximately $38,843,657.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the sale, the insider now owns 29,000 shares of the company’s stock, valued at approximately $1,017,320. The disclosure for this sale can be found here. Insiders sold a total of 810,760 shares of company stock valued at $27,054,267 over the last 90 days. 5.10% of the stock is currently owned by company insiders.
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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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