BankUnited (BKU) PT Raised to $46.00

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.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $294.59 million during the quarter, compared to analysts’ expectations of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same period last year, the firm earned $0.47 EPS. equities research analysts forecast that BankUnited will post 2.39 earnings per share for the current year.

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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