BankUnited (NYSE:BKU) Earns Neutral Rating from Analysts at UBS Group

UBS Group started coverage on shares of BankUnited (NYSE:BKU – Get Rating) in a report released on Wednesday, The Fly reports. The brokerage set a “neutral” rating and a $25.00 price target on the financial services provider’s stock. UBS Group’s price target points to a potential upside of 8.23% from the company’s previous close.

Several other analysts have also recently issued reports on BKU. Wells Fargo & Company cut BankUnited from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $45.00 to $38.00 in a research report on Thursday, December 15th. JPMorgan Chase & Co. dropped their price objective on BankUnited from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 13th. Finally, StockNews.com upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a report on Tuesday, February 21st. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and a consensus target price of $39.25.

BankUnited Stock Down 0.2 %

Shares of BankUnited stock opened at $23.10 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 6.52 and a beta of 1.23. The firm’s 50-day moving average is $35.06 and its two-hundred day moving average is $35.40. BankUnited has a 1 year low of $21.73 and a 1 year high of $45.86.

BankUnited (NYSE:BKU – Get Rating) last announced its quarterly earnings results on Thursday, January 19th. The financial services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.29). BankUnited had a return on equity of 11.08% and a net margin of 21.78%. The business had revenue of $269.88 million during the quarter, compared to analysts’ expectations of $268.41 million. As a group, research analysts expect that BankUnited will post 3.89 earnings per share 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. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On BankUnited

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKU. Exchange Traded Concepts LLC increased its holdings in shares of BankUnited by 5.1% in the third quarter. Exchange Traded Concepts LLC now owns 18,844 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 917 shares during the period. Inspire Investing LLC purchased a new position in BankUnited during the 3rd quarter worth approximately $207,000. Point72 Hong Kong Ltd acquired a new stake in BankUnited during the 2nd quarter valued at approximately $434,000. Prudential Financial Inc. boosted its holdings in shares of BankUnited by 1.6% in the 3rd quarter. Prudential Financial Inc. now owns 152,247 shares of the financial services provider’s stock valued at $5,513,000 after acquiring an additional 2,350 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of BankUnited by 8.6% in the third quarter. Frontier Capital Management Co. LLC now owns 1,110,840 shares of the financial services provider’s stock worth $37,957,000 after acquiring an additional 87,832 shares during the period.

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.