BankUnited Inc. (BKU) Stock Price Up 2.9%
BankUnited Inc. (NYSE:BKU) rose 2.9% during mid-day trading on Thursday . The company traded as high as $32.48 and last traded at $32.46, with a volume of 647,993 shares traded. The stock had previously closed at $31.55.
BKU has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of BankUnited from a “sell” rating to a “hold” rating in a report on Friday, June 17th. Deutsche Bank AG raised shares of BankUnited from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $38.00 in a report on Tuesday, April 12th. Goldman Sachs Group Inc. downgraded shares of BankUnited to a “sell” rating and set a $34.00 target price on the stock. in a research note on Thursday, May 26th. Sandler O’Neill downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Finally, BMO Capital Markets downgraded shares of BankUnited from an “outperform” rating to a “market perform” rating and set a $35.00 target price on the stock. in a research note on Friday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. BankUnited currently has a consensus rating of “Buy” and a consensus target price of $37.05.
The firm has a market cap of $3.36 billion and a price-to-earnings ratio of 13.36. The company’s 50-day moving average price is $31.63 and its 200 day moving average price is $33.28.
BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, equities analysts predict that BankUnited Inc. will post $2.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, July 13th.
Other large investors have added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in BankUnited during the fourth quarter worth approximately $1,057,000. Diamond Hill Capital Management Inc. boosted its stake in BankUnited by 6.1% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,363,771 shares of the financial services provider’s stock worth $85,238,000 after buying an additional 135,542 shares during the period. Davis Capital Partners LLC boosted its stake in BankUnited by 1.2% in the fourth quarter. Davis Capital Partners LLC now owns 424,000 shares of the financial services provider’s stock worth $15,289,000 after buying an additional 5,000 shares during the period. Suntrust Banks Inc. acquired a new stake in BankUnited during the fourth quarter worth approximately $1,309,000. Finally, Victory Capital Management Inc. acquired a new stake in BankUnited during the fourth quarter worth approximately $21,177,000.
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
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