KBW Remains a Hold on BankUnited (BKU)
In a report released today, Wood Lay from KBW maintained a Hold rating on BankUnited, with a price target of $50.00.
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Lay covers the Financial sector, focusing on stocks such as Capital City Bank, First Bancorp, and California BanCorp. According to TipRanks, Lay has an average return of 17.4% and an 88.67% success rate on recommended stocks.
In a report released on April 7, Barclays also assigned a Hold rating to the stock with a $53.00 price target.
Based on BankUnited’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $472.4 million and a net profit of $69.26 million. In comparison, last year the company earned a revenue of $493.19 million and had a net profit of $69.3 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BKU in relation to earlier this year. Last month, Kevin A. Malcolm, an Insider at BKU sold 3,447.00 shares for a total of $162,388.17.
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