BankUnited (BKU) Now Covered by Analysts at JMP Securities
JMP Securities initiated coverage on shares of BankUnited (NYSE:BKU) in a research report sent to investors on Tuesday. The firm issued an outperform rating on the financial services provider’s stock.
A number of other research firms also recently issued reports on BKU. ValuEngine upgraded shares of BankUnited from a hold rating to a buy rating in a research report on Monday, October 2nd. Morgan Stanley reiterated an overweight rating and set a $46.00 target price on shares of BankUnited in a research report on Wednesday, December 13th. JPMorgan Chase & Co. downgraded shares of BankUnited from a neutral rating to an underweight rating and set a $35.00 target price on the stock. in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a buy rating and set a $42.00 target price on shares of BankUnited in a research report on Thursday, December 14th. Finally, Barclays reiterated a buy rating and set a $42.00 target price on shares of BankUnited in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. BankUnited currently has a consensus rating of Buy and an average price target of $42.91.
BankUnited (NYSE BKU) traded up $0.62 during trading on Tuesday, hitting $43.18. 696,154 shares of the company were exchanged, compared to its average volume of 899,400. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited has a 52 week low of $30.37 and a 52 week high of $43.22. The firm has a market cap of $4,610.00, a P/E ratio of 18.14, a PEG ratio of 1.57 and a beta of 1.09.
BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $273.51 million. During the same quarter in the previous year, the company earned $0.47 EPS. analysts anticipate that BankUnited will post 2.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.95%. BankUnited’s dividend payout ratio (DPR) is presently 35.29%.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of BankUnited by 30.8% in 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 in the last quarter. Brown Advisory Inc. bought a new stake in shares of BankUnited in the 3rd quarter worth $24,703,000. NWQ Investment Management Company LLC bought a new stake in shares of BankUnited in the 3rd quarter worth $18,498,000. LSV Asset Management grew its stake in shares of BankUnited by 180.4% in the 2nd quarter. LSV Asset Management now owns 750,354 shares of the financial services provider’s stock worth $25,294,000 after acquiring an additional 482,754 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of BankUnited by 33.5% in the 2nd quarter. Citadel Advisors LLC now owns 1,541,252 shares of the financial services provider’s stock worth $51,955,000 after acquiring an additional 386,991 shares in the last quarter. Institutional investors and hedge funds own 95.26% of the company’s stock.
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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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