BankUnited Inc. (BKU) Trading Down 3.2%
BankUnited Inc. (NYSE:BKU)’s share price fell 3.2% on Thursday . The stock traded as low as $30.77 and last traded at $31.12, with a volume of 1,273,388 shares changing hands. The stock had previously closed at $32.15.
Several brokerages have weighed in on BKU. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BankUnited in a report on Saturday, July 9th. Hovde Group cut BankUnited from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $30.00 to $28.00 in a report on Thursday. Bank of America Corp. reaffirmed a “buy” rating and issued a $38.00 price objective on shares of BankUnited in a report on Monday, June 20th. Sandler O’Neill raised BankUnited from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, June 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of BankUnited in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.96.
The stock has a market cap of $3.23 billion and a price-to-earnings ratio of 12.38. The firm has a 50 day moving average price of $30.66 and a 200 day moving average price of $32.59.
BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. During the same period in the prior year, the business earned $0.43 EPS. Equities research analysts forecast that BankUnited Inc. will post $2.11 earnings per share for the current fiscal year.
In other BankUnited news, insider Mark Bagnoli sold 2,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $30.11, for a total transaction of $60,220.00. Following the completion of the transaction, the insider now directly owns 17,458 shares of the company’s stock, valued at $525,660.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
A hedge fund recently bought a new stake in BankUnited stock. Trexquant Investment LP bought a new stake in BankUnited Inc. (NYSE:BKU) during the fourth quarter, according to its most recent disclosure with the SEC. The fund bought 29,300 shares of the financial services provider’s stock, valued at approximately $1,057,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.