BankUnited (NYSE:BKU) Downgraded to Hold Rating by StockNews.com

BankUnited (NYSE:BKU) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also issued reports about the company. Compass Point upped their target price on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group boosted their price objective on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Barclays reduced their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Wells Fargo & Company boosted their price objective on BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.18.

BankUnited Stock Down 0.4 %

Shares of BankUnited stock opened at $34.30 on Tuesday. The business has a 50-day moving average of $38.33 and a 200-day moving average of $38.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The company has a market capitalization of $2.56 billion, a PE ratio of 11.14 and a beta of 1.40. BankUnited has a 1-year low of $24.34 and a 1-year high of $44.45.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the prior year, the business earned $0.26 earnings per share. As a group, equities analysts forecast that BankUnited will post 3.13 EPS for the current fiscal year.

Insider Transactions at BankUnited

In other BankUnited news, Director Sanjiv Sobti bought 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the completion of the transaction, the director now directly owns 21,782 shares of the company’s stock, valued at $715,103.06. This represents a 4.81 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BankUnited

Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in BankUnited during the third quarter valued at about $257,000. Quest Partners LLC bought a new stake in shares of BankUnited in the third quarter valued at about $825,000. LMR Partners LLP bought a new stake in shares of BankUnited in the third quarter valued at about $557,000. Pathstone Holdings LLC lifted its stake in shares of BankUnited by 18.2% in the third quarter. Pathstone Holdings LLC now owns 58,619 shares of the financial services provider’s stock valued at $2,136,000 after buying an additional 9,010 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of BankUnited by 70.0% in the third quarter. Intech Investment Management LLC now owns 29,879 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 12,301 shares during the period. 99.70% of the stock is owned by institutional investors and hedge funds.

About BankUnited

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.