Equities research analysts at Wedbush started coverage on shares of BankUnited, Inc. (NYSE:BKU) in a report released on Tuesday, MarketBeat.com reports. The firm set a “neutral” rating and a $35.00 price target on the financial services provider’s stock. Wedbush’s price objective suggests a potential upside of 5.17% from the company’s previous close.
Several other equities research analysts have also recently commented on BKU. Zacks Investment Research raised BankUnited from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, February 28th. Deutsche Bank AG dropped their price objective on BankUnited to $43.00 in a research report on Friday, March 24th. Keefe, Bruyette & Woods set a $41.00 price objective on BankUnited and gave the company a “hold” rating in a research report on Monday, April 3rd. Barclays PLC set a $42.00 price objective on BankUnited and gave the company a “buy” rating in a research report on Sunday, April 9th. Finally, J P Morgan Chase & Co cut BankUnited from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $42.00 to $39.00 in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.50.
Shares of BankUnited (NYSE:BKU) opened at 33.28 on Tuesday. The company has a market capitalization of $3.56 billion, a PE ratio of 15.44 and a beta of 1.05. BankUnited has a 1-year low of $27.85 and a 1-year high of $41.00. The stock’s 50 day moving average price is $34.08 and its 200-day moving average price is $36.65.
BankUnited (NYSE:BKU) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. BankUnited had a return on equity of 9.66% and a net margin of 19.38%. The company had revenue of $258.74 million for the quarter, compared to analysts’ expectations of $260.46 million. During the same period last year, the firm posted $0.51 earnings per share. On average, equities analysts predict that BankUnited will post $2.37 EPS for the current year.
In other BankUnited news, Chairman John Adam Kanas sold 200,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $32.65, for a total value of $6,530,000.00. Following the transaction, the chairman now directly owns 948,070 shares of the company’s stock, valued at $30,954,485.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 502,915 shares of company stock worth $16,804,877 over the last three months. Insiders own 5.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of BankUnited by 5.2% in the first quarter. Vanguard Group Inc. now owns 8,468,204 shares of the financial services provider’s stock valued at $315,948,000 after buying an additional 421,232 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of BankUnited by 9.9% in the first quarter. Diamond Hill Capital Management Inc. now owns 6,873,969 shares of the financial services provider’s stock valued at $256,468,000 after buying an additional 618,612 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of BankUnited by 3.0% in the first quarter. Neuberger Berman Group LLC now owns 5,932,281 shares of the financial services provider’s stock valued at $221,333,000 after buying an additional 170,686 shares during the last quarter. BlackRock Inc. boosted its position in shares of BankUnited by 14,458.5% in the first quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after buying an additional 4,924,867 shares during the last quarter. Finally, FMR LLC boosted its position in shares of BankUnited by 9.3% in the first quarter. FMR LLC now owns 4,576,449 shares of the financial services provider’s stock valued at $170,747,000 after buying an additional 388,495 shares during the last quarter. 99.39% of the stock is currently owned by institutional investors and hedge funds.
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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