BankUnited (NYSE: BKU) upgraded by Hovde Group to “outperform”
BankUnited (NYSE: BKU) was outclassed by equity researchers from the Hovde group from a “market performance” rating to an “outperformance” rating in a note sent to investors on Monday, Fly reports.
A number of other equity research analysts have also commented on BKU recently. Janney Montgomery Scott downgraded BankUnited shares from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 3. DA Davidson reiterated a “neutral” rating and issued a price target of $ 38.00 on BankUnited shares in a research report on Thursday, February 25. Seaport Global Securities began covering BankUnited shares in a research report on Thursday, December 17. They issued a “buy” rating and a target price of $ 41.00 for the company. Royal Bank of Canada raised its price target for BankUnited shares from $ 39.00 to $ 42.00 and assigned the company an “outperformance” rating in a report released on Monday, January 25. Finally, JPMorgan Chase & Co. upgraded BankUnited shares from a “neutral” to an “overweight” rating and raised its price target for the company from $ 27.00 to $ 41.00 in a report from Tuesday, December 15. Six research analysts rated the stock with a maintenance rating, eight gave the company a buy rating, and one gave the company a strong buy rating. BankUnited has an average rating of “Buy” and an average price target of $ 33.50.
NYSE: BKU open for $ 43.91 on Mondays. The company has a fifty-day moving average of $ 38.77 and a two-hundred-day moving average of $ 30.44. The stock has a market cap of $ 4.08 billion, a PE ratio of 21.11, a P / E / G ratio of 4.98, and a beta of 1.40. The company has a debt to equity ratio of 1.44, a quick ratio of 0.87, and a current ratio of 0.87. BankUnited has a 52 week low of $ 13.47 and a 52 week high of $ 44.16.
BankUnited (NYSE: BKU) last reported its results on Wednesday, January 20. The financial services provider reported EPS of $ 0.89 for the quarter, beating the Zacks’ consensus estimate of $ 0.71 by $ 0.18. The company posted revenue of $ 228.65 million in the quarter, compared to analysts’ expectations of $ 226.10 million. BankUnited had a net margin of 15.98% and a return on equity of 7.25%. Research analysts predict that BankUnited will post earnings per share of 1.86 for the current year.
Hedge funds have recently changed their positions in the company. Great West Life Assurance Co. Can increased its stake in BankUnited by 976.3% in the third quarter. Great West Life Assurance Co. Can now owns 74,735 shares of the financial services provider valued at $ 1,759,000 after purchasing an additional 67,791 shares during the period. The Oregon Public Employees Retirement Fund increased its stake in BankUnited by 48.2% in the fourth quarter. The Oregon Public Employees Retirement Fund now owns 37,043 shares of the financial services provider valued at $ 1,288,000 after purchasing an additional 12,043 shares during the period. ExodusPoint Capital Management LP acquired a new position in BankUnited during the third quarter for a value of approximately $ 629,000. TD Asset Management Inc. increased its stake in BankUnited by 8.6% during the third quarter. TD Asset Management Inc. now owns 98,341 shares of the financial services provider valued at $ 2,155,000 after purchasing an additional 7,800 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BankUnited shares by 14.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,552 shares of the financial services provider valued at $ 367,000 after purchasing an additional 1,320 shares during the period. 97.34% of the stock is held by institutional investors.
BankUnited, Inc operates as a bank holding company for BankUnited, a national banking association that provides a range of banking services to small and medium businesses and individuals and businesses in the United States. The company offers deposit products, such as checks, money market deposits and savings accounts; certificates of deposit; and treasury and cash management services.
Featured article: Inflation
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]