UBS Group Upgrades BankUnited (NYSE:BKU) to “Buy”

UBS Group upgraded shares of BankUnited (NYSE:BKU) from a neutral rating to a buy rating in a research report released on Monday, BenzingaRatingsTable reports. UBS Group currently has $22.00 price target on the financial services provider’s stock, up from their previous price target of $16.00.

A number of other equities analysts have also issued reports on BKU. Wells Fargo & Co lowered their target price on shares of BankUnited from $30.00 to $28.00 and set an overweight rating on the stock in a research report on Thursday, April 30th. ValuEngine lowered shares of BankUnited from a hold rating to a sell rating in a research report on Tuesday, March 24th. TheStreet lowered shares of BankUnited from a b- rating to a c+ rating in a research report on Monday, March 9th. Compass Point lowered their target price on shares of BankUnited from $22.00 to $19.00 and set a neutral rating on the stock in a research report on Wednesday, May 13th. Finally, Morgan Stanley raised their target price on shares of BankUnited from $25.00 to $27.00 and gave the stock an equal weight rating in a research report on Monday, June 8th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $31.40.

BKU stock opened at $18.61 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.04. BankUnited has a twelve month low of $13.47 and a twelve month high of $37.60. The company’s 50 day moving average is $18.97 and its two-hundred day moving average is $25.64. The stock has a market cap of $1.74 billion, a P/E ratio of 8.71, a PEG ratio of 7.54 and a beta of 1.31.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.89). The company had revenue of $203.87 million for the quarter, compared to analyst estimates of $216.72 million. BankUnited had a return on equity of 7.67% and a net margin of 15.57%. During the same period in the previous year, the business posted $0.65 EPS. On average, equities research analysts predict that BankUnited will post 0.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.23 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $0.92 dividend on an annualized basis and a yield of 4.94%. BankUnited’s dividend payout ratio (DPR) is 29.39%.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in BankUnited by 2.2% in the 1st quarter. BlackRock Inc. now owns 5,048,642 shares of the financial services provider’s stock valued at $94,408,000 after buying an additional 108,192 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of BankUnited by 3.5% during the 1st quarter. Alliancebernstein L.P. now owns 4,498,871 shares of the financial services provider’s stock worth $84,129,000 after purchasing an additional 151,263 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of BankUnited by 21.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 4,193,236 shares of the financial services provider’s stock worth $78,414,000 after purchasing an additional 751,318 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of BankUnited by 27.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,434,201 shares of the financial services provider’s stock worth $64,218,000 after purchasing an additional 734,991 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of BankUnited by 48.1% during the 1st quarter. Wellington Management Group LLP now owns 3,331,675 shares of the financial services provider’s stock worth $62,302,000 after purchasing an additional 1,081,509 shares in the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

About BankUnited

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, savings accounts, and certificates of deposit; and treasury management services.

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Analyst Recommendations for BankUnited (NYSE:BKU)

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