Barclays analyst Matthew Keating maintained a Buy rating on BankUnited (BKU) yesterday and set a price target of $39. The company’s shares opened today at $31.70.
According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.
Currently, the analyst consensus on BankUnited is a Moderate Buy with an average price target of $38.11.
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Based on BankUnited’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $93.56 million. In comparison, last year the company had a net profit of $402 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.
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BankUnited, Inc. is a holding company, which engages in the provision of banking and related services to individual and corporate customers. It also offers commercial lending and deposit products through national platforms. The company was founded on May 21, 2009 and is headquartered in Miami Lakes, FL.
