BankUnited (BKU) was Upgraded by Deutsche Bank to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 38 from a previous price target of $37 . Earlier the firm had a rating of “Hold ” on the company shares. Deutsche Bank advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on BankUnited. Company shares were Upgraded by Deutsche Bank on Apr 13, 2016 to ” Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .BankUnited was Upgraded by Sandler O’Neill to ” Buy” on Jan 22, 2016. BankUnited was Upgraded by Hovde Group to ” Outperform” on Jan 19, 2016.
On the company’s financial health, BankUnited reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.48.Analysts expectations of $ 222.69.During the same quarter in the previous year, the company posted $0.45 EPS.
BankUnited opened for trading at $33.43 and hit $33.9 on the upside on Monday, eventually ending the session at $33.43, with a gain of 0.15% or 0.05 points. The heightened volatility saw the trading volume jump to 6,97,053 shares. Company has a market cap of $3,483 M.
In a different news, on Mar 9, 2016, Jeffrey Starr (Officer of Subsidiary) sold 7,991 shares at $34.73 per share price. According to the SEC, on Feb 10, 2016, Eugene F Demark (director) sold 4,000 shares at $32.00 per share price. On Feb 4, 2016, Mark Bagnoli (Officer of Subsidiary) sold 1,000 shares at $32.50 per share price, according to the Form-4 filing with the securities and exchange commission.
BankUnited Inc. is a bank holding company with one wholly owned subsidiary BankUnited National Association collectively the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Company’s lending focus is to serve commercial and middle-market businesses their executives and consumers with financial products and services. It offers lending products such as small business loans commercial real estate loans equipment loans and leases term loans formula-based loans municipal loans and leases commercial lines of credit letters of credit residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts money market deposit accounts savings accounts and certificates of deposit with various terms and rates.