Shares of BankUnited (NYSE:BKU) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $43.10.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. ValuEngine downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Hovde Group downgraded shares of BankUnited from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $45.00 to $44.00 in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $41.00 target price on shares of BankUnited in a research report on Wednesday, January 24th. Finally, UBS began coverage on BankUnited in a report on Wednesday, March 21st. They set a “neutral” rating and a $45.00 price target on the stock.
In other BankUnited news, Director Eugene F. Demark sold 2,682 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $42.92, for a total transaction of $115,111.44. Following the transaction, the director now directly owns 16,000 shares in the company, valued at approximately $686,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Starr sold 2,805 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $42.89, for a total value of $120,306.45. Following the completion of the transaction, the insider now owns 48,104 shares in the company, valued at $2,063,180.56. The disclosure for this sale can be found here. Insiders have sold a total of 45,487 shares of company stock worth $1,920,218 over the last 90 days. Company insiders own 5.10% of the company’s stock.
NYSE:BKU traded up $0.93 on Thursday, reaching $40.15. 897,500 shares of the stock traded hands, compared to its average volume of 950,580. The company has a market capitalization of $4,183.45, a PE ratio of 15.15, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.96 and a current ratio of 0.96. BankUnited has a 1-year low of $30.37 and a 1-year high of $43.84.
BankUnited (NYSE:BKU) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24. The business had revenue of $285.37 million during the quarter, compared to the consensus estimate of $270.33 million. BankUnited had a net margin of 45.09% and a return on equity of 10.83%. During the same quarter in the prior year, the firm posted $0.59 EPS. research analysts predict that BankUnited will post 3.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, April 12th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, April 11th. BankUnited’s payout ratio is 31.70%.
BankUnited declared that its board has initiated a share repurchase program on Tuesday, January 23rd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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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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