BankUnited (NYSE:BKU) Stock Rating Lowered by Piper Sandler

BankUnited (NYSE:BKUGet Rating) was downgraded by stock analysts at Piper Sandler from a “neutral” rating to an “underweight” rating in a report released on Monday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut BankUnited from a “neutral” rating to an “underweight” rating and cut their target price for the company from $50.00 to $43.00 in a research note on Monday, April 25th. The Goldman Sachs Group boosted their target price on BankUnited from $42.50 to $48.00 and gave the company a “sell” rating in a research note on Monday, April 4th. StockNews.com cut BankUnited from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods upgraded BankUnited from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Friday, January 21st. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.50.

NYSE:BKU opened at $39.62 on Monday. BankUnited has a fifty-two week low of $37.08 and a fifty-two week high of $49.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.79. The stock has a market capitalization of $3.35 billion, a PE ratio of 9.32 and a beta of 1.24. The business’s 50-day simple moving average is $41.99 and its 200-day simple moving average is $42.42.

BankUnited (NYSE:BKUGet Rating) last released its quarterly earnings data on Thursday, April 21st. The financial services provider reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). BankUnited had a net margin of 35.89% and a return on equity of 12.61%. During the same period in the prior year, the firm posted $1.06 EPS. On average, research analysts expect that BankUnited will post 3.63 earnings per share for the current year.

In other BankUnited news, insider Kevin A. Malcolm sold 703 shares of the company’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $39.16, for a total value of $27,529.48. Following the transaction, the insider now directly owns 7,000 shares of the company’s stock, valued at approximately $274,120. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BKU. Marshall Wace North America L.P. acquired a new position in BankUnited in the 1st quarter valued at $47,000. Morgan Stanley lifted its position in shares of BankUnited by 49.0% during the 2nd quarter. Morgan Stanley now owns 517,081 shares of the financial services provider’s stock valued at $22,074,000 after acquiring an additional 169,948 shares during the period. Swiss National Bank lifted its position in shares of BankUnited by 0.5% during the 3rd quarter. Swiss National Bank now owns 206,100 shares of the financial services provider’s stock valued at $8,619,000 after acquiring an additional 1,000 shares during the period. Mackenzie Financial Corp bought a new stake in shares of BankUnited during the 3rd quarter valued at $228,000. Finally, Jennison Associates LLC lifted its position in shares of BankUnited by 0.4% during the 3rd quarter. Jennison Associates LLC now owns 1,328,913 shares of the financial services provider’s stock valued at $55,575,000 after acquiring an additional 5,803 shares during the period. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

About BankUnited (Get Rating)

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.

Read More

The Fly logo

Analyst Recommendations for BankUnited (NYSE:BKU)

Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter.