BankUnited Inc. (BKU) Shares Down 3.2%
BankUnited Inc. (NYSE:BKU) traded down 3.2% during trading on Thursday . The stock traded as low as $30.77 and last traded at $31.12, with a volume of 1,273,388 shares. The stock had previously closed at $32.15.
Several equities research analysts have commented on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BankUnited in a research note on Saturday, July 9th. Bank of America Corp. reiterated a “buy” rating and set a $38.00 price objective on shares of BankUnited in a research note on Monday, June 20th. Sandler O’Neill upgraded BankUnited from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, June 29th. BMO Capital Markets reiterated an “outperform” rating and set a $35.00 price objective on shares of BankUnited in a research note on Wednesday, July 6th. Finally, Goldman Sachs Group Inc. lowered BankUnited from a “buy” rating to a “sell” rating and cut their price objective for the stock from $40.00 to $34.00 in a research note on Thursday, May 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.96.
The stock’s 50 day moving average price is $30.62 and its 200-day moving average price is $32.57. The company has a market capitalization of $3.29 billion and a price-to-earnings ratio of 12.60.
BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. During the same quarter last year, the company posted $0.43 earnings per share. Equities research analysts predict that BankUnited Inc. will post $2.11 EPS for the current fiscal year.
In related news, insider Mark Bagnoli sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $30.11, for a total value of $60,220.00. Following the completion of the sale, the insider now owns 17,458 shares in the company, valued at $525,660.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
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.