BankUnited, Inc. (NYSE:BKU) Receives $52.00 Average PT from Analysts

Shares of BankUnited, Inc. (NYSE:BKU) have been given an average rating of “Hold” by the fourteen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $51.7273.

BKU has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of BankUnited from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Monday, August 3rd. Hovde Group dropped their price target on shares of BankUnited from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Barclays cut their price target on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating on shares of BankUnited in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada decreased their price objective on shares of BankUnited from $53.00 to $50.00 and set a “sector perform” rating for the company in a research note on Thursday, July 23rd.

Insider Buying and Selling

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director owned 15,027 shares of the company’s stock, valued at $690,791.19. This represents a 6.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jay D. Richards sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the sale, the insider owned 40,502 shares in the company, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL purchased a new stake in shares of BankUnited in the 3rd quarter worth $7,599,000. Artemis Investment Management LLP bought a new position in shares of BankUnited during the 4th quarter worth $73,655,000. Edgestream Partners L.P. purchased a new position in shares of BankUnited during the first quarter valued at $6,797,000. Horizon Investments LLC purchased a new position in shares of BankUnited during the fourth quarter valued at $1,858,000. Finally, Burney Co. bought a new stake in shares of BankUnited in the first quarter valued at about $1,026,000. 99.70% of the stock is currently owned by institutional investors.

BankUnited Price Performance

Shares of BankUnited stock opened at $46.46 on Friday. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 12.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $47.77 and a 200-day moving average price of $47.13. BankUnited has a one year low of $35.10 and a one year high of $52.11.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.03). The company had revenue of $284.57 million for the quarter, compared to analysts’ expectations of $290.33 million. BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. Equities analysts expect that BankUnited will post 4.09 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 10th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, July 10th. BankUnited’s dividend payout ratio is presently 36.16%.

About BankUnited

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.