In a report issued on November 14, Brady Gailey from KBW reiterated a Hold rating on BankUnited (BKU), with a price target of $39. The company’s shares closed yesterday at $33.71.
According to TipRanks.com, Gailey is a 4-star analyst with an average return of 7.7% and a 61.6% success rate. Gailey covers the Financial sector, focusing on stocks such as State Bank Financial Corporation, Atlantic Capital Bancshares, and Cadence Bancorporation.
Currently, the analyst consensus on BankUnited is a Strong Buy with an average price target of $40.38, representing a 19.8% upside. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $37 price target.
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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 $65.25 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral 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.
