RBC Capital Reaffirms Their Hold Rating on BankUnited (BKU)
RBC Capital analyst Jon Arfstrom maintained a Hold rating on BankUnited on July 1 and set a price target of $53.00. The company’s shares closed yesterday at $48.62.
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Arfstrom covers the Financial sector, focusing on stocks such as Associated Banc-Corp, First Horizon, and Western Alliance. According to TipRanks, Arfstrom has an average return of 15.3% and a 62.42% success rate on recommended stocks.
BankUnited has an analyst consensus of Hold, with a price target consensus of $51.20.
Based on BankUnited’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $446.89 million and a net profit of $61.88 million. In comparison, last year the company earned a revenue of $465.96 million and had a net profit of $58.48 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, Jay D. Richards, the Subsid. Officer of BKU sold 4,000.00 shares for a total of $194,680.00.
