BankUnited (NYSE:BKU) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.71.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of BankUnited from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research report on Friday, October 11th. Morgan Stanley boosted their price objective on shares of BankUnited from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised shares of BankUnited from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $37.00 in a research report on Thursday, October 24th. Stephens reissued an “equal weight” rating and set a $35.00 price objective on shares of BankUnited in a research report on Tuesday, October 15th. Finally, DA Davidson began coverage on shares of BankUnited in a report on Tuesday, October 22nd. They issued a “buy” rating and a $39.00 target price for the company.
Shares of NYSE:BKU opened at $35.07 on Thursday. The stock’s 50-day moving average price is $35.94 and its 200-day moving average price is $33.93. BankUnited has a 12-month low of $30.32 and a 12-month high of $37.60. The stock has a market capitalization of $3.32 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, January 13th. BankUnited’s dividend payout ratio is currently 35.59%.
In other BankUnited news, CEO Rajinder P. Singh sold 76,466 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $36.35, for a total value of $2,779,539.10. Following the sale, the chief executive officer now owns 355,749 shares in the company, valued at approximately $12,931,476.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas J. Pauls sold 20,731 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.16, for a total transaction of $728,901.96. Following the completion of the sale, the director now owns 55,179 shares in the company, valued at approximately $1,940,093.64. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank raised its position in shares of BankUnited by 21.5% in the second quarter. Toronto Dominion Bank now owns 2,579 shares of the financial services provider’s stock worth $91,000 after buying an additional 457 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of BankUnited by 2.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,817 shares of the financial services provider’s stock valued at $969,000 after acquiring an additional 706 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of BankUnited by 3.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,095 shares of the financial services provider’s stock valued at $844,000 after acquiring an additional 744 shares during the period. Rhumbline Advisers raised its stake in shares of BankUnited by 1.0% in the 3rd quarter. Rhumbline Advisers now owns 75,170 shares of the financial services provider’s stock valued at $2,527,000 after acquiring an additional 769 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of BankUnited by 9.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,778 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 954 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.
BankUnited Company Profile
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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