BankUnited (NYSE:BKU) had its target price raised by Barclays from $43.00 to $46.00 in a note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays’ price target would indicate a potential upside of 13.81% from the stock’s current price.
BKU has been the topic of several other reports. ValuEngine upgraded BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Morgan Stanley restated an “overweight” rating and issued a $46.00 price target on shares of BankUnited in a research report on Wednesday, December 13th. JPMorgan Chase & Co. lowered BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $42.00 price target on shares of BankUnited in a research report on Thursday, December 14th. Finally, BMO Capital Markets upgraded BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. BankUnited presently has an average rating of “Hold” and a consensus price target of $41.56.
BankUnited (NYSE:BKU) traded up $0.02 during midday trading on Tuesday, hitting $40.42. The stock had a trading volume of 561,900 shares, compared to its average volume of 615,600. The firm has a market cap of $4,315.55, a PE ratio of 16.98, a P/E/G ratio of 1.71 and a beta of 1.09. BankUnited has a one year low of $30.37 and a one year high of $41.64. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the transaction, the insider now directly owns 19,699 shares in the company, valued at $706,800.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its holdings in BankUnited by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BankUnited by 8.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 276 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of BankUnited in the 3rd quarter valued at about $174,000. Forward Management LLC acquired a new stake in shares of BankUnited in the 3rd quarter valued at about $192,000. Finally, QS Investors LLC raised its stake in shares of BankUnited by 9.6% in the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 95.26% of the company’s stock.
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BankUnited Company Profile
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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