ValuEngine Lowers BankUnited (BKU) to Hold

BankUnited (NYSE:BKU) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, April 2nd.

BKU has been the subject of a number of other reports. JMP Securities initiated coverage on BankUnited in a report on Tuesday, January 9th. They issued an “outperform” rating for the company. Barclays raised their price target on BankUnited from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. UBS initiated coverage on BankUnited in a report on Wednesday, March 21st. They set a “neutral” rating and a $45.00 price target for the company. Zacks Investment Research raised BankUnited from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, March 28th. Finally, Wells Fargo reissued an “outperform” rating and issued a $50.00 target price (up from $42.00) on shares of BankUnited in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. BankUnited has a consensus rating of “Hold” and an average target price of $42.92.

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Shares of BKU stock traded down $0.92 during mid-day trading on Monday, reaching $39.00. The stock had a trading volume of 1,269,567 shares, compared to its average volume of 946,137. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.58. BankUnited has a one year low of $30.37 and a one year high of $43.84. The company has a market capitalization of $4,214.19, a P/E ratio of 14.72, a P/E/G ratio of 1.41 and a beta of 1.04.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.24. BankUnited had a return on equity of 10.83% and a net margin of 45.09%. The company had revenue of $285.37 million during the quarter, compared to the consensus estimate of $270.33 million. During the same quarter last year, the company earned $0.59 EPS. sell-side analysts predict that BankUnited will post 3.19 earnings per share for the current fiscal year.

BankUnited declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 23rd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, insider Jeffrey Starr sold 2,805 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $42.89, for a total value of $120,306.45. Following the completion of the sale, the insider now directly owns 48,104 shares in the company, valued at $2,063,180.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas J. Pauls sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $42.12, for a total value of $1,684,800.00. Following the completion of the sale, the director now owns 31,380 shares of the company’s stock, valued at $1,321,725.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,487 shares of company stock worth $1,920,218. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently modified their holdings of BKU. Maltese Capital Management LLC increased its holdings in shares of BankUnited by 1.1% during the fourth quarter. Maltese Capital Management LLC now owns 155,000 shares of the financial services provider’s stock worth $6,312,000 after buying an additional 1,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BankUnited by 49.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,511 shares of the financial services provider’s stock worth $224,000 after buying an additional 1,818 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of BankUnited by 0.5% during the fourth quarter. GW&K Investment Management LLC now owns 456,755 shares of the financial services provider’s stock worth $18,599,000 after buying an additional 2,145 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of BankUnited by 3.7% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 64,278 shares of the financial services provider’s stock worth $2,617,000 after buying an additional 2,266 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of BankUnited by 26.0% during the third quarter. Great West Life Assurance Co. Can now owns 13,991 shares of the financial services provider’s stock worth $498,000 after buying an additional 2,889 shares in the last quarter. Institutional investors and hedge funds own 96.91% of the company’s stock.

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BankUnited Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BankUnited (NYSE:BKU)

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