BankUnited (NYSE:BKU) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $43.75.
BKU has been the topic of several research analyst reports. Sandler O’Neill raised BankUnited from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Zacks Investment Research raised BankUnited from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, March 28th. Finally, ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd.
In other BankUnited news, insider Rajinder P. Singh sold 74,927 shares of the stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $43.26, for a total value of $3,241,342.02. Following the completion of the sale, the insider now directly owns 305,221 shares in the company, valued at $13,203,860.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $40.63, for a total value of $40,630.00. Following the completion of the sale, the insider now owns 25,118 shares of the company’s stock, valued at $1,020,544.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,378 shares of company stock worth $8,411,444. 2.30% of the stock is owned by corporate insiders.
NYSE:BKU traded up $0.08 during midday trading on Friday, hitting $40.01. 901,932 shares of the company traded hands, compared to its average volume of 908,400. BankUnited has a 12-month low of $30.37 and a 12-month high of $44.97. The firm has a market capitalization of $4.28 billion, a PE ratio of 15.01, a PEG ratio of 1.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.95 and a current ratio of 0.95.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.05. The company had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.96 million. BankUnited had a return on equity of 11.16% and a net margin of 45.31%. During the same quarter in the prior year, the firm posted $0.57 EPS. equities analysts forecast that BankUnited will post 3.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Monday, July 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, July 13th. BankUnited’s payout ratio is currently 31.70%.
BankUnited Company Profile
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.
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