BankUnited (BKU) Research Coverage Started at JMP Securities

JMP Securities initiated coverage on shares of BankUnited (NYSE:BKU) in a research note published on Tuesday, January 9th. The brokerage issued an outperform rating on the financial services provider’s stock.

Several other research analysts have also commented on the company. Morgan Stanley reiterated an overweight rating and set a $46.00 price target on shares of BankUnited in a report on Wednesday, December 13th. Barclays restated a buy rating and issued a $42.00 price objective on shares of BankUnited in a report on Tuesday, December 5th. JPMorgan Chase & Co. lowered shares of BankUnited from a neutral rating to an underweight rating and set a $35.00 price objective on the stock. in a report on Wednesday, November 1st. BMO Capital Markets upgraded shares of BankUnited from a market perform rating to an outperform rating in a report on Monday, November 20th. Finally, Deutsche Bank dropped their target price on BankUnited from $42.00 to $40.00 and set a hold rating for the company in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $42.91.

BankUnited (BKU) traded up $0.55 during trading on Tuesday, reaching $42.95. 639,449 shares of the company were exchanged, compared to its average volume of 613,544. BankUnited has a 1 year low of $30.37 and a 1 year high of $43.39. The firm has a market cap of $4,529.19, a PE ratio of 18.05, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86.

BankUnited (NYSE:BKU) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The company had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. During the same quarter in the previous year, the company posted $0.47 EPS. sell-side analysts predict that BankUnited will post 2.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, January 11th. BankUnited’s dividend payout ratio is presently 35.29%.

In related news, insider Mark Bagnoli sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the transaction, the insider now directly owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BKU. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BankUnited by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after buying an additional 276 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in BankUnited in the third quarter valued at approximately $174,000. Forward Management LLC purchased a new stake in BankUnited in the third quarter valued at approximately $192,000. QS Investors LLC lifted its stake in BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares during the last quarter. Finally, LaSalle Street Capital Management LLC purchased a new stake in BankUnited in the second quarter valued at approximately $221,000. Institutional investors own 95.89% of the company’s stock.

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BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Analyst Recommendations for BankUnited (NYSE:BKU)

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