Brokerages Set BankUnited, Inc. (NYSE:BKU) Target Price at $53.55

BankUnited, Inc. (NYSE:BKU) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $53.5455.

A number of equities research analysts have issued reports on BKU shares. Raymond James Financial set a $55.00 target price on BankUnited in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted their price objective on shares of BankUnited from $48.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. Piper Sandler raised their target price on shares of BankUnited from $42.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Hovde Group reissued an “outperform” rating and set a $51.00 target price on shares of BankUnited in a research report on Monday, December 8th. Finally, Cantor Fitzgerald upped their price target on shares of BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director Sanjiv Sobti sold 5,000 shares of BankUnited stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $50.88, for a total value of $254,400.00. Following the transaction, the director directly owned 18,816 shares of the company’s stock, valued at $957,358.08. The trade was a 20.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jay D. Richards sold 3,506 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $49.83, for a total value of $174,703.98. Following the completion of the sale, the insider directly owned 35,687 shares of the company’s stock, valued at $1,778,283.21. This represents a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,953 shares of company stock valued at $591,492 in the last 90 days. 1.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BankUnited

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in BankUnited by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,632,552 shares of the financial services provider’s stock worth $206,472,000 after purchasing an additional 36,097 shares during the last quarter. State Street Corp grew its position in BankUnited by 3.5% during the fourth quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock worth $197,792,000 after buying an additional 149,450 shares in the last quarter. HoldCo Asset Management LP grew its position in BankUnited by 277.3% during the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock worth $157,568,000 after buying an additional 2,598,382 shares in the last quarter. Wellington Management Group LLP increased its stake in BankUnited by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock valued at $140,654,000 after acquiring an additional 84,971 shares during the period. Finally, American Century Companies Inc. increased its stake in BankUnited by 9.4% during the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock valued at $82,576,000 after acquiring an additional 185,937 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Trading Down 3.9%

BankUnited stock opened at $44.68 on Wednesday. BankUnited has a one year low of $28.21 and a one year high of $52.11. The company’s fifty day moving average price is $47.48 and its two-hundred day moving average price is $42.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 12.62 and a beta of 1.29.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $260.80 million during the quarter, compared to analysts’ expectations of $279.76 million. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, analysts forecast that BankUnited will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 9th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, January 9th. This represents a $1.24 annualized dividend and a yield of 2.8%. BankUnited’s dividend payout ratio is presently 35.03%.

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.