Analysts Set BankUnited Inc. (BKU) Price Target at $34.78
Shares of BankUnited Inc. (NYSE:BKU) have received an average recommendation of “Hold” from the twelve ratings firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $34.78.
Several analysts have weighed in on BKU shares. Hovde Group cut shares of BankUnited from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $30.00 to $28.00 in a research note on Thursday, September 1st. RBC Capital Markets reaffirmed an “outperform” rating and set a $37.00 price objective (down from $39.00) on shares of BankUnited in a research note on Friday, July 22nd. TheStreet raised shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Finally, Barclays PLC decreased their price objective on shares of BankUnited from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 11th.
BankUnited (NYSE:BKU) opened at 35.24 on Wednesday. The firm has a 50-day moving average of $30.29 and a 200 day moving average of $31.16. BankUnited has a 52-week low of $27.85 and a 52-week high of $38.21. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 17.40 and a beta of 0.92.
BankUnited (NYSE:BKU) last posted its earnings results on Thursday, October 20th. The financial services provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.06. BankUnited had a net margin of 19.35% and a return on equity of 9.50%. During the same quarter in the prior year, the firm posted $0.50 earnings per share. On average, equities research analysts forecast that BankUnited will post $2.04 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were issued a $0.21 dividend. The ex-dividend date was Thursday, October 13th. This represents a $0.84 annualized dividend and a yield of 2.38%. BankUnited’s dividend payout ratio is currently 41.58%.
In related news, Director Eugene F. Demark sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $29.53, for a total value of $29,530.00. Following the transaction, the director now directly owns 16,682 shares in the company, valued at $492,619.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Starr sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.20, for a total transaction of $156,000.00. Following the completion of the transaction, the insider now owns 34,000 shares in the company, valued at $1,060,800. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Douglas Lane & Associates LLC raised its position in shares of BankUnited by 17.3% in the second quarter. Douglas Lane & Associates LLC now owns 1,055,110 shares of the financial services provider’s stock valued at $32,413,000 after buying an additional 155,690 shares in the last quarter. BlackRock Inc. raised its stake in BankUnited by 201.3% in the first quarter. BlackRock Inc. now owns 12,403 shares of the financial services provider’s stock valued at $427,000 after buying an additional 8,287 shares during the period. Aperio Group LLC raised its stake in BankUnited by 19.3% in the first quarter. Aperio Group LLC now owns 8,011 shares of the financial services provider’s stock valued at $276,000 after buying an additional 1,296 shares during the period. Dimensional Fund Advisors LP raised its stake in BankUnited by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,046,746 shares of the financial services provider’s stock valued at $32,152,000 after buying an additional 87,688 shares during the period. Finally, Calvert Investment Management Inc. raised its stake in BankUnited by 9.4% in the second quarter. Calvert Investment Management Inc. now owns 8,490 shares of the financial services provider’s stock valued at $261,000 after buying an additional 731 shares during the period. Institutional investors and hedge funds own 95.92% of the company’s stock.
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
Receive News & Stock Ratings for BankUnited Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited Inc. and related stocks with our FREE daily email newsletter.