BankUnited (BKU) Rating Reiterated by Keefe, Bruyette & Woods
BankUnited (NYSE:BKU)‘s stock had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a report released on Thursday. They currently have a $42.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 6.44% from the stock’s current price.
A number of other research firms have also recently issued reports on BKU. Morgan Stanley reiterated an “overweight” rating and issued a $46.00 target price on shares of BankUnited in a research note on Wednesday. Barclays reiterated a “buy” rating and issued a $42.00 target price on shares of BankUnited in a research note on Tuesday, December 5th. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co cut shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price for the company. in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.40.
BankUnited (BKU) traded down $0.47 during trading hours on Thursday, hitting $39.46. 1,161,600 shares of the stock were exchanged, compared to its average volume of 855,256. BankUnited has a 52 week low of $30.37 and a 52 week high of $41.64. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $4,265.34, a PE ratio of 16.78, a P/E/G ratio of 1.88 and a beta of 1.09.
BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The company had revenue of $294.59 million during the quarter, compared to analysts’ expectations of $273.51 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. analysts anticipate that BankUnited will post 2.39 earnings per share for the current fiscal year.
In related news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.10% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in BankUnited by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock worth $295,602,000 after acquiring an additional 300,744 shares during the period. JPMorgan Chase & Co. grew its holdings in BankUnited by 30.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock worth $167,747,000 after acquiring an additional 1,106,515 shares during the period. State Street Corp grew its holdings in BankUnited by 5.4% during the 2nd quarter. State Street Corp now owns 4,027,935 shares of the financial services provider’s stock worth $135,782,000 after acquiring an additional 207,520 shares during the period. Jennison Associates LLC grew its holdings in BankUnited by 16.7% during the 3rd quarter. Jennison Associates LLC now owns 2,411,374 shares of the financial services provider’s stock worth $85,773,000 after acquiring an additional 345,760 shares during the period. Finally, Douglas Lane & Associates LLC grew its holdings in BankUnited by 4.8% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,862,582 shares of the financial services provider’s stock worth $66,252,000 after acquiring an additional 84,844 shares during the period. 95.93% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/12/14/bankunited-bku-rating-reiterated-by-keefe-bruyette-woods.html.
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.
Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter.