Somewhat Positive Media Coverage Somewhat Unlikely to Affect BankUnited (BKU) Share Price
News headlines about BankUnited (NYSE:BKU) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BankUnited earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.3950929466237 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- BankUnited, Inc. breached its 50 day moving average in a Bullish Manner : BKU-US : September 20, 2017 (finance.yahoo.com)
- BankUnited, Inc. :BKU-US: Earnings Analysis: Q2, 2017 By the Numbers : September 20, 2017 (finance.yahoo.com)
- BankUnited, Inc. (BKU) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Financial Survey: BankUnited (BKU) and Its Rivals (americanbankingnews.com)
- BankUnited (BKU) vs. Its Peers Head-To-Head Analysis (americanbankingnews.com)
BankUnited (NYSE:BKU) opened at 34.05 on Friday. The firm has a 50-day moving average price of $33.31 and a 200-day moving average price of $34.55. The stock has a market capitalization of $3.64 billion, a PE ratio of 15.23 and a beta of 1.07. BankUnited has a 52 week low of $28.13 and a 52 week high of $41.00.
BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $269.48 million during the quarter, compared to analyst estimates of $258.47 million. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. During the same period last year, the company earned $0.52 EPS. Equities research analysts predict that BankUnited will post $2.37 EPS for the current fiscal year.
A number of analysts recently weighed in on the company. ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Barclays PLC restated an “overweight” rating and issued a $41.00 target price (up previously from $38.00) on shares of BankUnited in a research report on Wednesday, July 12th. Bank of America Corporation restated a “buy” rating and issued a $46.00 target price on shares of BankUnited in a research report on Monday, July 10th. Finally, BMO Capital Markets restated a “hold” rating and issued a $40.00 target price on shares of BankUnited in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $41.17.
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In other news, insider Jeffrey Starr sold 7,445 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the sale, the insider now directly owns 29,000 shares of the company’s stock, valued at approximately $1,017,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John Adam Kanas sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $33.35, for a total value of $6,670,000.00. Following the completion of the sale, the chairman now directly owns 742,866 shares of the company’s stock, valued at $24,774,581.10. The disclosure for this sale can be found here. Insiders sold a total of 586,035 shares of company stock valued at $19,373,735 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.
BankUnited Company Profile
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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