Shares of BankUnited, Inc. (NYSE:BKU) have received an average recommendation of “Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $41.10.

A number of analysts recently weighed in on the stock. BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Barclays PLC reissued an “overweight” rating and issued a $41.00 target price (up previously from $38.00) on shares of BankUnited in a research note on Wednesday, July 12th. Wedbush reissued a “neutral” rating and issued a $35.00 target price on shares of BankUnited in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 target price on shares of BankUnited in a research note on Friday, May 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of BankUnited in a research note on Friday, July 7th.

BankUnited (NYSE BKU) traded down 1.07% on Wednesday, hitting $33.25. The stock had a trading volume of 377,922 shares. BankUnited has a one year low of $28.13 and a one year high of $41.00. The stock has a market cap of $3.55 billion, a P/E ratio of 14.88 and a beta of 1.07. The company’s 50-day moving average is $33.69 and its 200-day moving average is $35.42.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $269.48 million during the quarter, compared to analyst estimates of $258.47 million. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts anticipate that BankUnited will post $2.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 14th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.53%. BankUnited’s dividend payout ratio (DPR) is currently 37.67%.

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In other news, Chairman John Adam Kanas sold 200,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $33.35, for a total transaction of $6,670,000.00. Following the sale, the chairman now directly owns 742,866 shares of the company’s stock, valued at $24,774,581.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $35.08, for a total transaction of $261,170.60. Following the sale, the insider now directly owns 29,000 shares in the company, valued at $1,017,320. The disclosure for this sale can be found here. Insiders have sold 586,035 shares of company stock worth $19,373,735 over the last three months. 5.10% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. boosted its stake in BankUnited by 36.5% in the first quarter. Suntrust Banks Inc. now owns 14,014 shares of the financial services provider’s stock valued at $521,000 after buying an additional 3,749 shares during the period. ZWJ Investment Counsel Inc. acquired a new position in shares of BankUnited during the first quarter valued at $381,000. Teza Capital Management LLC acquired a new position in shares of BankUnited during the first quarter valued at $320,000. Moody Aldrich Partners LLC raised its position in shares of BankUnited by 31.6% in the second quarter. Moody Aldrich Partners LLC now owns 24,005 shares of the financial services provider’s stock valued at $809,000 after buying an additional 5,770 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of BankUnited by 22.2% in the first quarter. Pacer Advisors Inc. now owns 13,852 shares of the financial services provider’s stock valued at $517,000 after buying an additional 2,520 shares in the last quarter. 98.58% of the stock is currently owned by institutional investors and hedge funds.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Analyst Recommendations for BankUnited (NYSE:BKU)

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