2 weeks Ago By ABMN Staff
BankUnited, Inc. ( NYSE:BKU – Get Free Report ) has earned a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports.
Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $35.50.
BKU has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of BankUnited from $34.
50 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Hovde Group boosted their price objective on BankUnited from $33.
00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Barclays raised their target price on BankUnited from $35.
00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company boosted their price target on BankUnited from $32.
00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Finally, Citigroup dropped their price objective on shares of BankUnited from $42.
00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Get Our Latest Analysis on BKU Insider Activity at BankUnited Institutional Inflows and Outflows A number of institutional investors have recently bought and sold shares of BKU.
WINTON GROUP Ltd increased its holdings in shares of BankUnited by 0.9% in the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 303 shares during the last quarter.
Arizona State Retirement System increased its stake in shares of BankUnited by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 379 shares during the last quarter.
Natixis Advisors LLC raised its holdings in shares of BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after acquiring an additional 497 shares during the period.
Louisiana State Employees Retirement System boosted its position in shares of BankUnited by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 800 shares during the last quarter.
Finally, Inspire Investing LLC grew its holdings in shares of BankUnited by 6.8% in the first quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 807 shares during the period.
99.70% of the stock is owned by hedge funds and other institutional investors. BankUnited Stock Down 0.
4 % Shares of BKU stock opened at $35.57 on Wednesday. BankUnited has a fifty-two week low of $20.
84 and a fifty-two week high of $39.51. The firm has a market capitalization of $2.
66 billion, a PE ratio of 15.33 and a beta of 1.33.
The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.87 and a current ratio of 0.
87. The stock’s 50-day simple moving average is $36.62 and its 200-day simple moving average is $31.
20. BankUnited ( NYSE:BKU – Get Free Report ) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.
72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07.
BankUnited had a net margin of 8.41% and a return on equity of 7.76%.
The company had revenue of $250.20 million for the quarter, compared to the consensus estimate of $243.65 million.
During the same quarter in the prior year, the company earned $0.78 EPS. BankUnited’s quarterly revenue was up 4.
5% on a year-over-year basis. Equities analysts expect that BankUnited will post 2.88 earnings per share for the current year.
BankUnited Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be given a dividend of $0.29 per share.
This represents a $1.16 dividend on an annualized basis and a yield of 3.26%.
The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s dividend payout ratio is presently 50.00%.
BankUnited Company Profile ( Get Free Report BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Read More 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.
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