BankUnited (NYSE:BKU) Receives $37.29 Consensus Target Price from Analysts
BankUnited (NYSE:BKU) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $36.75.
Several analysts have weighed in on the company. Stephens reaffirmed an “equal weight” rating and set a $35.00 price objective on shares of BankUnited in a research report on Tuesday. ValuEngine cut BankUnited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Zacks Investment Research cut BankUnited from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research report on Friday. DA Davidson reaffirmed a “buy” rating on shares of BankUnited in a research report on Thursday, October 3rd. Finally, Morgan Stanley cut their price objective on BankUnited from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd.
Shares of BKU traded up $0.22 during trading hours on Tuesday, hitting $33.14. The company had a trading volume of 491,547 shares, compared to its average volume of 735,573. The firm has a market cap of $3.15 billion, a P/E ratio of 14.04, a P/E/G ratio of 1.30 and a beta of 1.15. The stock’s 50 day moving average price is $32.84 and its 200 day moving average price is $33.53. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 1.86. BankUnited has a 52-week low of $28.05 and a 52-week high of $37.32.
The business also recently announced a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a yield of 2.5%. BankUnited’s dividend payout ratio is presently 35.59%.
In other news, insider Jay D. Richards sold 1,782 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $34.45, for a total transaction of $61,389.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas J. Pauls sold 22,133 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $34.16, for a total transaction of $756,063.28. Following the sale, the director now directly owns 56,581 shares of the company’s stock, valued at approximately $1,932,806.96. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of BKU. Marshall Wace North America L.P. bought a new position in shares of BankUnited during the 1st quarter valued at about $47,000. DekaBank Deutsche Girozentrale bought a new position in shares of BankUnited during the 2nd quarter valued at about $52,000. Toronto Dominion Bank boosted its holdings in shares of BankUnited by 21.5% during the 2nd quarter. Toronto Dominion Bank now owns 2,579 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 457 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of BankUnited by 603.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 3,870 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 3,320 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of BankUnited during the 2nd quarter valued at about $174,000. 97.06% of the stock is owned by institutional investors.
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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