News stories about BankUnited (NYSE:BKU) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. BankUnited earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.4145221552213 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- BankUnited (BKU) Sees Large Growth in Short Interest (americanbankingnews.com)
- BankUnited (BKU) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Q&A with BankUnited’s CEO Rajinder Singh on how the bank broke the $30B asset ceiling (finance.yahoo.com)
- $265.14 Million in Sales Expected for BankUnited (BKU) This Quarter (americanbankingnews.com)
- BankUnited (BKU) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
BankUnited (NYSE:BKU) traded up $0.37 during trading on Friday, reaching $41.23. 770,633 shares of the company’s stock traded hands, compared to its average volume of 1,010,000. The company has a current ratio of 0.96, a quick 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 $43.84. The company has a market cap of $4,400.00, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.00.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.04%. BankUnited’s dividend payout ratio is currently 15.08%.
BankUnited announced that its board has authorized a stock repurchase plan on Tuesday, January 23rd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
BKU has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating and issued a $46.00 price objective on shares of BankUnited in a report on Wednesday, December 13th. Wells Fargo & Co restated an “outperform” rating and set a $50.00 price target (up previously from $42.00) on shares of BankUnited in a report on Tuesday, January 9th. Barclays restated a “buy” rating and set a $42.00 price target on shares of BankUnited in a report on Tuesday, December 5th. JPMorgan Chase & Co. lowered shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target for the company. in a report on Wednesday, November 1st. Finally, JMP Securities started coverage on shares of BankUnited in a report on Tuesday, January 9th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.09.
In other news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas J. Pauls sold 40,000 shares of BankUnited stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $42.12, for a total transaction of $1,684,800.00. Following the completion of the sale, the director now owns 31,380 shares of the company’s stock, valued at approximately $1,321,725.60. The disclosure for this sale can be found here. Insiders own 5.10% 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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