BankUnited Inc. (BKU) Shares Down 7.3%
BankUnited Inc. (NYSE:BKU)’s share price was down 7.3% during mid-day trading on Wednesday . The company traded as low as $29.80 and last traded at $30.37, with a volume of 3,310,286 shares changing hands. The stock had previously closed at $32.75.
A number of equities analysts recently issued reports on BKU shares. Deutsche Bank AG restated a “hold” rating and set a $37.00 price objective on shares of BankUnited in a report on Tuesday, April 5th. Sandler O’Neill cut BankUnited from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Zacks Investment Research cut BankUnited from a “hold” rating to a “sell” rating in a report on Monday, May 2nd. BMO Capital Markets cut BankUnited from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a report on Friday, May 6th. Finally, Goldman Sachs Group Inc. cut BankUnited from a “buy” rating to a “sell” rating and dropped their price objective for the company from $40.00 to $34.00 in a report on Thursday, May 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.05.
The company has a market capitalization of $3.17 billion and a PE ratio of 12.15. The company has a 50-day moving average of $31.49 and a 200-day moving average of $33.14.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. During the same period last year, the firm posted $0.43 earnings per share. On average, equities research analysts anticipate that BankUnited Inc. will post $2.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, July 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.76%.
A number of large investors have bought and sold shares of the company. First Financial Bank acquired a new stake in BankUnited during the fourth quarter valued at about $2,135,000. State Board of Administration of Florida Retirement System boosted its stake in BankUnited by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 65,319 shares of the financial services provider’s stock valued at $2,355,000 after buying an additional 810 shares during the period. First Trust Advisors LP boosted its stake in BankUnited by 8.8% in the fourth quarter. First Trust Advisors LP now owns 52,429 shares of the financial services provider’s stock valued at $1,891,000 after buying an additional 4,240 shares during the period. Rhumbline Advisers boosted its stake in BankUnited by 2.1% in the fourth quarter. Rhumbline Advisers now owns 66,825 shares of the financial services provider’s stock valued at $2,410,000 after buying an additional 1,355 shares during the period. Finally, TD Asset Management Inc. boosted its stake in BankUnited by 41.3% in the fourth quarter. TD Asset Management Inc. now owns 41,400 shares of the financial services provider’s stock valued at $1,493,000 after buying an additional 12,100 shares during the period.
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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