BankUnited Inc. (BKU) Shares Gap Up to $30.85
Shares of BankUnited Inc. (NYSE:BKU) gapped up before the market opened on Friday . The stock had previously closed at $30.84, but opened at $30.85. BankUnited shares last traded at $31.13, with a volume of 312,892 shares changing hands.
Several analysts have recently commented on BKU shares. Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. BMO Capital Markets lowered BankUnited from an “outperform” rating to a “market perform” rating and set a $35.00 target price on the stock. in a research report on Friday, May 6th. Goldman Sachs Group Inc. lowered BankUnited from a “buy” rating to a “sell” rating and cut their target price for the company from $40.00 to $34.00 in a research report on Thursday, May 19th. Bank of America Corp. reissued a “buy” rating and issued a $38.00 target price on shares of BankUnited in a research report on Monday, June 20th. Finally, Sandler O’Neill raised BankUnited from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. BankUnited presently has an average rating of “Hold” and a consensus target price of $36.13.
The company has a 50-day moving average of $30.57 and a 200-day moving average of $32.56. The firm has a market capitalization of $3.26 billion and a price-to-earnings ratio of 12.51.
BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. During the same quarter last year, the business posted $0.43 EPS. Analysts forecast that BankUnited Inc. will post $2.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, July 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.68%.
In related news, insider Mark Bagnoli sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $30.11, for a total transaction of $60,220.00. Following the sale, the insider now owns 17,458 shares in the company, valued at $525,660.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
A number of hedge funds have recently made changes to their positions in BKU. Trexquant Investment LP purchased a new stake in shares of BankUnited during the fourth quarter worth about $1,057,000. Ameriprise Financial Inc. raised its stake in shares of BankUnited by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,178,443 shares of the financial services provider’s stock worth $78,538,000 after buying an additional 11,842 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of BankUnited by 14.6% in the fourth quarter. Wells Fargo & Company MN now owns 447,093 shares of the financial services provider’s stock worth $16,122,000 after buying an additional 56,938 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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