BankUnited, Inc. (NYSE:BKU) Receives $45.50 Average Target Price from Analysts

Shares of BankUnited, Inc. (NYSE:BKU) have been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $46.00.

A number of brokerages recently issued reports on BKU. Weiss Ratings reissued a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, October 8th. Barclays increased their target price on BankUnited from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Wells Fargo & Company lifted their target price on BankUnited from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $44.00 price target on shares of BankUnited in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $42.00 price target on shares of BankUnited in a research note on Thursday, October 23rd.

BankUnited Stock Performance

Shares of NYSE:BKU opened at $46.69 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.69. BankUnited has a 12 month low of $28.21 and a 12 month high of $46.97. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.15 and a beta of 1.30. The firm’s 50-day moving average is $43.79 and its 200 day moving average is $40.08.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.11. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The business had revenue of $275.68 million during the quarter, compared to the consensus estimate of $280.33 million. During the same quarter last year, the firm earned $0.81 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. Research analysts predict that BankUnited will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 9th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. BankUnited’s dividend payout ratio (DPR) is 34.93%.

Institutional Trading of BankUnited

A number of large investors have recently modified their holdings of BKU. Dimensional Fund Advisors LP boosted its position in BankUnited by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,596,455 shares of the financial services provider’s stock valued at $175,400,000 after purchasing an additional 51,926 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of BankUnited by 23.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock valued at $117,183,000 after buying an additional 576,843 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of BankUnited by 9.4% in the 3rd quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock valued at $82,576,000 after buying an additional 185,937 shares in the last quarter. Geode Capital Management LLC grew its position in shares of BankUnited by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,776,183 shares of the financial services provider’s stock worth $63,223,000 after buying an additional 13,555 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in shares of BankUnited by 20.9% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider’s stock worth $58,586,000 after acquiring an additional 265,439 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.