BankUnited (NYSE:BKU) Stock Rating Upgraded by Raymond James Financial

BankUnited (NYSE:BKU) was upgraded by equities research analysts at Raymond James Financial to a “moderate buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also commented on BKU. Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $44.00 price target on shares of BankUnited in a research report on Thursday, October 23rd. Jefferies Financial Group raised BankUnited from a “hold” rating to a “buy” rating and upped their target price for the stock from $42.00 to $55.00 in a research report on Monday, December 1st. Hovde Group reiterated an “outperform” rating and issued a $51.00 target price on shares of BankUnited in a research note on Monday, December 8th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $42.00 price target on shares of BankUnited in a research report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and an average target price of $46.00.

BankUnited Price Performance

Shares of NYSE:BKU opened at $46.69 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50 day simple moving average is $43.79 and its 200-day simple moving average is $40.08. BankUnited has a 12 month low of $28.21 and a 12 month high of $46.97. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.15 and a beta of 1.30.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The business had revenue of $275.68 million for the quarter, compared to analyst estimates of $280.33 million. During the same quarter last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities analysts forecast that BankUnited will post 3.13 earnings per share for the current fiscal year.

Institutional Trading of BankUnited

Several hedge funds have recently added to or reduced their stakes in BKU. Strs Ohio acquired a new stake in shares of BankUnited during the first quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new stake in BankUnited during the 3rd quarter valued at $34,000. Quarry LP increased its holdings in BankUnited by 158.2% during the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 576 shares in the last quarter. Bayforest Capital Ltd raised its position in BankUnited by 32.3% in the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 271 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in BankUnited by 202.0% in the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 814 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.