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Barclays Sticks to Their Hold Rating for BankUnited (BKU)

Tipranks - Wed Jul 8, 4:38AM CDT

Barclays analyst Jared Shaw maintained a Hold rating on BankUnited today and set a price target of $52.00.

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According to TipRanks, Shaw is a 4-star analyst with an average return of 4.3% and a 60.13% success rate. Shaw covers the Financial sector, focusing on stocks such as Wintrust Financial, Valley National Bancorp, and Popular.

In addition to Barclays, BankUnited also received a Hold from RBC Capital’s Jon Arfstrom in a report issued on July 1. However, on June 30, Citi downgraded BankUnited (NYSE: BKU) to a Sell.

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.

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