BankUnited (NYSE:BKU) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of BankUnited (NYSE:BKU – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. UBS Group started coverage on shares of BankUnited in a research note on Wednesday. They set a “neutral” rating and a $25.00 price objective for the company. Wells Fargo & Company lowered shares of BankUnited from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $45.00 to $38.00 in a research note on Thursday, December 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BankUnited from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, December 13th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.25.

BankUnited Trading Down 3.5 %

NYSE:BKU opened at $23.14 on Thursday. BankUnited has a one year low of $22.31 and a one year high of $45.86. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $1.73 billion, a P/E ratio of 6.52 and a beta of 1.23. The firm has a 50-day simple moving average of $35.27 and a 200-day simple moving average of $35.49.

BankUnited (NYSE:BKU – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.29). The firm had revenue of $269.88 million for the quarter, compared to the consensus estimate of $268.41 million. BankUnited had a return on equity of 11.08% and a net margin of 21.78%. Equities analysts anticipate that BankUnited will post 3.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 1,406 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $35.21, for a total transaction of $49,505.26. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $352,100. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Trading of BankUnited

Several large investors have recently made changes to their positions in BKU. Norges Bank purchased a new stake in shares of BankUnited in the 4th quarter valued at $31,064,000. Hsbc Holdings PLC boosted its holdings in shares of BankUnited by 175.2% in the 1st quarter. Hsbc Holdings PLC now owns 540,367 shares of the financial services provider’s stock valued at $23,814,000 after acquiring an additional 343,997 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of BankUnited by 86.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 733,437 shares of the financial services provider’s stock valued at $32,242,000 after acquiring an additional 340,604 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of BankUnited by 4.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,828,561 shares of the financial services provider’s stock valued at $231,967,000 after acquiring an additional 306,521 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of BankUnited by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,526,849 shares of the financial services provider’s stock valued at $154,682,000 after acquiring an additional 292,991 shares during the last quarter.

BankUnited Company Profile

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BankUnited, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, BankUnited, N.A.. Its services include corporate banking, commercial real estate, treasury management, business checking accounts, business online banking solutions, and home mortgages.