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.
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.
- Get a free copy of the StockNews.com research report on BankUnited (BKU)
- ChemoCentryx: A Biotech Stock Well Worth the Risk
- Skechers Stock Can Be Bought on Pullbacks
- Nasdaq Stock is a Buy the (Deep) Dip Opportunity
- Three Stocks To Ride Out A Rough Market
- MarketBeat: Week in Review 5/2 – 5/6
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.