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.

ILLEGAL ACTIVITY NOTICE: “BankUnited (BKU) Now Covered by Analysts at JMP Securities” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/01/13/bankunited-bku-now-covered-by-analysts-at-jmp-securities.html.

About BankUnited

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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.