Somewhat Favorable Media Coverage Somewhat Unlikely to Impact BankUnited (BKU) Share Price
Press coverage about BankUnited (NYSE:BKU) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BankUnited earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.188370402118 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- BankUnited : Commits to Hurricane Recovery Efforts in Florida (4-traders.com)
- Should You Buy BankUnited Inc (BKU) Now? (finance.yahoo.com)
- BankUnited Commits to Hurricane Recovery Efforts in Florida (finance.yahoo.com)
Shares of BankUnited (NYSE BKU) opened at 32.82 on Friday. BankUnited has a 12 month low of $28.13 and a 12 month high of $41.00. The stock’s 50 day moving average price is $33.37 and its 200-day moving average price is $34.73. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.68 and a beta of 1.07.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. The company had revenue of $269.48 million during the quarter, compared to analysts’ expectations of $258.47 million. During the same period in the prior year, the company earned $0.52 earnings per share. Equities analysts forecast that BankUnited will post $2.38 earnings per share for the current fiscal year.
Several research firms have commented on BKU. BidaskClub raised BankUnited from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Barclays PLC reissued an “overweight” rating and issued a $41.00 price objective (up from $38.00) on shares of BankUnited in a research report on Wednesday, July 12th. Wedbush reissued a “neutral” rating and issued a $35.00 price objective on shares of BankUnited in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 price objective on shares of BankUnited in a research report on Friday, May 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $40.00 price objective on shares of BankUnited in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. BankUnited currently has an average rating of “Buy” and a consensus target price of $41.17.
In other news, Chairman John Adam Kanas sold 200,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $33.35, for a total transaction of $6,670,000.00. Following the completion of the transaction, the chairman now owns 742,866 shares of the company’s stock, valued at $24,774,581.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Starr sold 7,445 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $35.08, for a total transaction of $261,170.60. Following the transaction, the insider now directly owns 29,000 shares of the company’s stock, valued at approximately $1,017,320. The disclosure for this sale can be found here. Insiders have sold 586,035 shares of company stock valued at $19,373,735 in the last ninety days. 5.10% of the stock is owned by company insiders.
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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