BankUnited’s (BKU) Sector Perform Rating Reiterated at Royal Bank of Canada

BankUnited (NYSE:BKU)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $37.00 target price on the financial services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 4.49% from the stock’s previous close.

A number of other equities analysts also recently weighed in on BKU. JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Wedbush boosted their price objective on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Hovde Group increased their price objective on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Citigroup lowered their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price target on BankUnited from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, BankUnited has a consensus rating of “Hold” and an average target price of $36.40.

BankUnited Trading Up 1.5 %

Shares of BankUnited stock opened at $35.41 on Wednesday. The stock has a market capitalization of $2.65 billion, a P/E ratio of 15.26 and a beta of 1.33. The company has a 50-day simple moving average of $36.45 and a 200 day simple moving average of $32.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. BankUnited has a 12-month low of $21.02 and a 12-month high of $39.51.

BankUnited (NYSE:BKU) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The company had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. Research analysts expect that BankUnited will post 2.86 earnings per share for the current fiscal year.

Insider Transactions at BankUnited

In related news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the completion of the sale, the director now owns 10,282 shares in the company, valued at $396,576.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Several institutional investors and hedge funds have recently modified their holdings of BKU. CWM LLC lifted its stake in BankUnited by 307.6% in the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,455 shares in the last quarter. Headlands Technologies LLC acquired a new position in BankUnited in the 1st quarter worth $57,000. Meeder Asset Management Inc. acquired a new position in BankUnited in the 2nd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. bought a new position in BankUnited during the 2nd quarter worth about $169,000. Finally, GAMMA Investing LLC raised its stake in shares of BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 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.