BankUnited is Upgraded by Hovde Group to ” Outperform”

BankUnited (BKU) was Upgraded by Hovde Group to ” Outperform” and the brokerage firm has set the Price Target at $44. Earlier the firm had a rating of “Market Perform ” on the company shares. Hovde Group advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, BankUnited reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 25, 2017. Analyst had a consensus of $0.54. The company had revenue of $256.80 million for the quarter, compared to analysts expectations of $254.42 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Several company insiders have filed Insider transactions , on Dec 12, 2016, Jeffrey Starr (Officer of Subsidiary) sold 5,000 shares at $37.57 per share price. According to the SEC, on Dec 12, 2016, Eugene F Demark (director) sold 1,000 shares at $37.54 per share price. On Aug 1, 2016, Mark Bagnoli (Officer of Subsidiary) sold 2,000 shares at $30.11 per share price, according to the Form-4 filing with the securities and exchange commission.

BankUnited closed down -0.01 points or -0.03% at $38.78 with 5,18,639 shares getting traded on Friday. Post opening the session at $39.03, the shares hit an intraday low of $38.567 and an intraday high of $39.081 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

BankUnited

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