Cantor Fitzgerald Reiterates Overweight Rating for BankUnited (NYSE:BKU)

BankUnited (NYSE:BKU)‘s stock had its “overweight” rating reiterated by analysts at Cantor Fitzgerald in a report released on Thursday, Marketbeat reports. They presently have a $44.00 target price on the financial services provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 15.90% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Hovde Group boosted their price objective on shares of BankUnited from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of BankUnited in a research report on Thursday, July 24th. Wells Fargo & Company boosted their price objective on shares of BankUnited from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BankUnited has an average rating of “Hold” and an average target price of $41.91.

BankUnited Stock Up 2.9%

Shares of NYSE BKU opened at $37.97 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.83 and a debt-to-equity ratio of 0.69. BankUnited has a 52 week low of $28.21 and a 52 week high of $44.45. The firm’s fifty day moving average is $38.35 and its 200 day moving average is $36.15. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 10.69 and a beta of 1.27.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The company had revenue of $275.68 million for the quarter, compared to the consensus estimate of $280.33 million. During the same period in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities research analysts expect that BankUnited will post 3.13 earnings per share for the current year.

Institutional Trading of BankUnited

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of BankUnited by 7.0% during the 2nd quarter. American Century Companies Inc. now owns 1,977,999 shares of the financial services provider’s stock valued at $70,397,000 after buying an additional 128,728 shares in the last quarter. Geode Capital Management LLC boosted its stake in BankUnited by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,776,183 shares of the financial services provider’s stock worth $63,223,000 after purchasing an additional 13,555 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in BankUnited by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,475,797 shares of the financial services provider’s stock worth $52,524,000 after purchasing an additional 14,358 shares in the last quarter. Royce & Associates LP boosted its stake in BankUnited by 8.8% in the 1st quarter. Royce & Associates LP now owns 1,250,997 shares of the financial services provider’s stock worth $43,084,000 after purchasing an additional 101,170 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in BankUnited by 893.2% in the 1st quarter. Wellington Management Group LLP now owns 1,150,879 shares of the financial services provider’s stock worth $39,636,000 after purchasing an additional 1,035,002 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

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.