Barclays Reiterates Buy Rating for BankUnited (BKU)

BankUnited (NYSE:BKU)‘s stock had its “buy” rating reiterated by equities research analysts at Barclays in a report released on Tuesday. They presently have a $42.00 price target on the financial services provider’s stock. Barclays’ target price would indicate a potential upside of 6.49% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. J P Morgan Chase & Co cut shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research report on Wednesday, November 1st. BMO Capital Markets upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Deutsche Bank decreased their target price on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $40.60.

Shares of BankUnited (NYSE:BKU) opened at $39.44 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. The stock has a market cap of $4,221.55, a PE ratio of 16.60, a PEG ratio of 1.87 and a beta of 1.09. BankUnited has a 1 year low of $30.37 and a 1 year high of $41.00.

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

In related news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the sale, the insider now directly owns 19,699 shares of the company’s stock, valued at approximately $706,800.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BKU. Public Employees Retirement Association of Colorado increased its position in shares of 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 during the period. ProShare Advisors LLC increased its position in shares of BankUnited by 0.8% during the second quarter. ProShare Advisors LLC now owns 18,716 shares of the financial services provider’s stock worth $631,000 after acquiring an additional 146 shares during the period. Teton Advisors Inc. increased its position in shares of BankUnited by 1.0% during the second quarter. Teton Advisors Inc. now owns 25,670 shares of the financial services provider’s stock worth $865,000 after acquiring an additional 257 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BankUnited by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 276 shares during the period. Finally, Legal & General Group Plc increased its position in shares of BankUnited by 0.6% during the second quarter. Legal & General Group Plc now owns 65,776 shares of the financial services provider’s stock worth $2,217,000 after acquiring an additional 413 shares during the period. 95.93% of the stock is currently owned by institutional investors.

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About BankUnited

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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