Morgan Stanley Reaffirms Overweight Rating for BankUnited (BKU)

Morgan Stanley reissued their overweight rating on shares of BankUnited (NYSE:BKU) in a report released on Wednesday. Morgan Stanley currently has a $46.00 price target on the financial services provider’s stock.

BKU has been the topic of several other reports. Zacks Investment Research cut BankUnited from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Deutsche Bank dropped their price objective on BankUnited from $42.00 to $40.00 and set a hold rating on the stock in a research report on Wednesday, November 8th. BMO Capital Markets raised BankUnited from a market perform rating to an outperform rating in a research report on Monday, November 20th. Barclays reaffirmed a buy rating and set a $42.00 price objective on shares of BankUnited in a research report on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $41.00 price objective on shares of BankUnited in a research report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. BankUnited has an average rating of Hold and an average target price of $41.40.

Shares of BankUnited (NYSE BKU) opened at $40.10 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited has a 12-month low of $30.37 and a 12-month high of $41.64. The company has a market capitalization of $4,151.04, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.83 and a beta of 1.09.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. The company had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. During the same period last year, the firm posted $0.47 earnings per share. research analysts predict that BankUnited will post 2.39 EPS for the current fiscal year.

In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the transaction, the insider now directly owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.10% of the company’s stock.

Large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado raised its stake in shares of BankUnited by 4.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after buying an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BankUnited by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after buying an additional 276 shares during the period. Macquarie Group Ltd. bought a new position in shares of BankUnited in the third quarter worth about $174,000. Forward Management LLC bought a new position in shares of BankUnited in the third quarter worth about $192,000. Finally, QS Investors LLC raised its stake in shares of BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after buying an additional 550 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

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BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Analyst Recommendations for BankUnited (NYSE:BKU)

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