BankUnited (BKU) Reaches New 12-Month Low at $29.85

Shares of BankUnited (NYSE:BKU) reached a new 52-week low during trading on Friday . The company traded as low as $29.85 and last traded at $29.85, with a volume of 838213 shares traded. The stock had previously closed at $30.99.

A number of analysts have commented on BKU shares. Morgan Stanley downgraded shares of BankUnited from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $46.00 to $42.00 in a research report on Tuesday, September 18th. ValuEngine downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Barclays dropped their price target on shares of BankUnited from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 3rd. FIG Partners upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Thursday, October 25th. Finally, BMO Capital Markets dropped their price target on shares of BankUnited from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. BankUnited has a consensus rating of “Hold” and an average target price of $42.45.

The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $3.08 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.08 and a beta of 0.97.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. BankUnited had a net margin of 46.00% and a return on equity of 11.89%. The business had revenue of $290.70 million for the quarter, compared to the consensus estimate of $292.57 million. During the same period in the previous year, the firm earned $0.62 EPS. Sell-side analysts expect that BankUnited will post 3.14 EPS for the current year.

In related news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $31.82, for a total value of $31,820.00. Following the sale, the insider now directly owns 24,118 shares in the company, valued at approximately $767,434.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKU. Vanguard Group Inc raised its holdings in shares of BankUnited by 1.7% during the third quarter. Vanguard Group Inc now owns 10,629,463 shares of the financial services provider’s stock valued at $376,283,000 after acquiring an additional 174,690 shares during the period. Federated Investors Inc. PA raised its holdings in shares of BankUnited by 40.5% during the third quarter. Federated Investors Inc. PA now owns 41,408 shares of the financial services provider’s stock valued at $1,466,000 after acquiring an additional 11,936 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of BankUnited during the third quarter valued at approximately $1,332,000. Vanguard Group Inc. raised its holdings in shares of BankUnited by 1.7% during the third quarter. Vanguard Group Inc. now owns 10,629,463 shares of the financial services provider’s stock valued at $376,283,000 after acquiring an additional 174,690 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in shares of BankUnited by 3,440.0% during the third quarter. Rehmann Capital Advisory Group now owns 31,435 shares of the financial services provider’s stock valued at $888,000 after acquiring an additional 30,547 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.

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About BankUnited (NYSE:BKU)

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

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