BankUnited, Inc. (BKU) Given New $40.00 Price Target at Deutsche Bank AG
BankUnited, Inc. (NYSE:BKU) had its target price decreased by Deutsche Bank AG from $42.00 to $40.00 in a report published on Wednesday morning. Deutsche Bank AG currently has a hold rating on the financial services provider’s stock.
Several other equities analysts also recently weighed in on BKU. Barclays PLC restated an overweight rating and set a $41.00 price target (up from $38.00) on shares of BankUnited in a report on Wednesday, July 12th. BidaskClub downgraded BankUnited from a sell rating to a strong sell rating in a report on Sunday, July 16th. ValuEngine downgraded BankUnited from a buy rating to a hold rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a buy rating and set a $41.00 price target on shares of BankUnited in a report on Thursday, September 28th. Finally, Zacks Investment Research downgraded BankUnited from a hold rating to a sell rating in a report on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $40.27.
Shares of BankUnited (BKU) traded down $0.20 during trading hours on Wednesday, hitting $32.70. The stock had a trading volume of 975,171 shares, compared to its average volume of 1,091,818. BankUnited has a 1 year low of $28.98 and a 1 year high of $41.00. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $3,528.33, a P/E ratio of 13.88, a PEG ratio of 1.58 and a beta of 1.08.
BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.35% and a net margin of 19.82%. The firm had revenue of $294.59 million during the quarter, compared to the consensus estimate of $273.51 million. During the same period last year, the company earned $0.47 earnings per share. analysts expect that BankUnited will post 2.37 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were issued a $0.21 dividend. The ex-dividend date was Friday, October 13th. This represents a $0.84 annualized dividend and a yield of 2.57%. BankUnited’s payout ratio is 35.29%.
In related news, Chairman John Adam Kanas sold 78,190 shares of BankUnited stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the sale, the chairman now directly owns 565,076 shares in the company, valued at approximately $18,749,221.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in BKU. BlackRock Inc. grew its stake in shares of BankUnited by 14,458.5% during the 1st quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after purchasing an additional 4,924,867 shares during the period. JPMorgan Chase & Co. grew its stake in shares of BankUnited by 30.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock valued at $167,747,000 after purchasing an additional 1,106,515 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of BankUnited by 3,522.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock valued at $32,738,000 after purchasing an additional 944,359 shares during the period. Diamond Hill Capital Management Inc. grew its stake in shares of BankUnited by 11.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock valued at $258,425,000 after purchasing an additional 792,163 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of BankUnited by 5,718.4% during the 2nd quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock valued at $23,168,000 after purchasing an additional 675,453 shares during the period. Institutional investors and hedge funds own 98.48% of the company’s stock.
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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