After FIG Partners and Barclays gave BankUnited (NYSE: BKU) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Lana Chan maintained a Buy rating on BankUnited today and set a price target of $40. The company’s shares opened today at $32.86.
According to TipRanks.com, Chan is a 4-star analyst with an average return of 10.2% and a 62.6% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and Fifth Third Bancorp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for BankUnited with a $40.86 average price target, which is a 24.3% upside from current levels. In a report issued on October 25, FIG Partners also upgraded the stock to Buy with a $36 price target.
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The company has a one-year high of $44.97 and a one-year low of $29.86. Currently, BankUnited has an average volume of 967.1K.
Based on the recent corporate insider activity of 42 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.
