Shares of BankUnited (NYSE:BKU) have received an average rating of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $40.70.
BKU has been the topic of several research analyst reports. Stephens set a $40.00 price objective on BankUnited and gave the company a “buy” rating in a research report on Friday, October 26th. TheStreet downgraded BankUnited from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Morgan Stanley lowered their price objective on BankUnited from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 11th. Zacks Investment Research upgraded BankUnited from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $39.00 price objective on shares of BankUnited in a research report on Thursday, November 15th.
Get BankUnited alerts:NYSE BKU traded up $0.43 on Thursday, hitting $35.16. 782,912 shares of the company traded hands, compared to its average volume of 875,131. BankUnited has a 52-week low of $28.05 and a 52-week high of $44.97. The company has a market capitalization of $3.57 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.96 and a current ratio of 0.97.
BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). BankUnited had a net margin of 20.31% and a return on equity of 10.71%. The business had revenue of $328.38 million during the quarter, compared to analysts’ expectations of $314.33 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. BankUnited’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that BankUnited will post 2.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Monday, January 14th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, January 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.39%. BankUnited’s dividend payout ratio is currently 35.59%.
Several large investors have recently bought and sold shares of BKU. Toronto Dominion Bank purchased a new stake in shares of BankUnited in the fourth quarter worth about $75,000. Metropolitan Life Insurance Co. NY lifted its position in shares of BankUnited by 1,225.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,796 shares of the financial services provider’s stock worth $114,000 after buying an additional 2,585 shares in the last quarter. First Interstate Bank lifted its position in shares of BankUnited by 119.8% in the fourth quarter. First Interstate Bank now owns 4,890 shares of the financial services provider’s stock worth $146,000 after buying an additional 2,665 shares in the last quarter. Cerebellum GP LLC lifted its position in shares of BankUnited by 22.1% in the fourth quarter. Cerebellum GP LLC now owns 6,036 shares of the financial services provider’s stock worth $181,000 after buying an additional 1,091 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of BankUnited in the fourth quarter worth about $201,000. Institutional investors own 96.51% 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, and savings accounts, as well as certificates of deposit; and treasury management services.
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