In a report released yesterday, Austin Nicholas from Stephens maintained a Buy rating on BankUnited (BKU), with a price target of $38. The company’s shares closed yesterday at $29.13, close to its 52-week low of $28.86.
According to TipRanks.com, Nicholas has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.2% and a 20.8% success rate. Nicholas covers the Financial sector, focusing on stocks such as Union Bankshares Corporation, Howard Bancorp, Inc., and Old Line Bancshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BankUnited with a $39.44 average 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 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.
