BankUnited (NYSE:BKU) Rating Increased to Hold at StockNews.com

BankUnited (NYSE:BKU) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Several other equities analysts also recently issued reports on BKU. Keefe, Bruyette & Woods decreased their price objective on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada decreased their price objective on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of BankUnited from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. UBS Group cut shares of BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 target price for the company. in a research report on Monday, January 8th. Finally, Wedbush reduced their target price on shares of BankUnited from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.50.

BankUnited Stock Performance

BKU opened at $26.71 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.48. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 11.51 and a beta of 1.36. BankUnited has a 52-week low of $15.83 and a 52-week high of $34.22. The firm’s fifty day simple moving average is $26.86 and its two-hundred day simple moving average is $27.30.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $508.35 million for the quarter, compared to the consensus estimate of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same period last year, the firm posted $0.70 earnings per share. Equities analysts anticipate that BankUnited will post 2.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kevin A. Malcolm sold 2,285 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total transaction of $62,106.30. Following the completion of the sale, the insider now directly owns 11,750 shares in the company, valued at $319,365. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On BankUnited

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in BankUnited by 106.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock worth $126,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC purchased a new position in BankUnited during the fourth quarter worth about $147,000. PNC Financial Services Group Inc. boosted its stake in BankUnited by 16.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider’s stock worth $231,000 after buying an additional 1,434 shares during the period. Neo Ivy Capital Management purchased a new position in BankUnited during the fourth quarter worth about $238,000. Finally, TFO Wealth Partners LLC boosted its stake in BankUnited by 214,050.0% during the fourth quarter. TFO Wealth Partners LLC now owns 8,566 shares of the financial services provider’s stock worth $278,000 after buying an additional 8,562 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.