BankUnited, Inc. (NYSE:BKU) Receives $53.27 Consensus Price Target from Brokerages

BankUnited, Inc. (NYSE:BKU) has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $53.2727.

Several analysts have weighed in on BKU shares. Keefe, Bruyette & Woods lowered their price target on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of BankUnited in a report on Monday, February 2nd. Hovde Group lowered their price target on BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings cut BankUnited from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Finally, Barclays decreased their price objective on BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 7th.

BankUnited Stock Performance

NYSE:BKU opened at $46.27 on Monday. The business’s 50-day moving average price is $45.78 and its two-hundred day moving average price is $45.57. BankUnited has a twelve month low of $33.06 and a twelve month high of $52.11. The stock has a market cap of $3.36 billion, a P/E ratio of 12.89 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The business had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. During the same period in the previous year, the business earned $0.78 EPS. As a group, equities analysts predict that BankUnited will post 4.16 EPS for the current fiscal year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s payout ratio is 36.77%.

Insider Buying and Selling at BankUnited

In related news, insider Kevin A. Malcolm sold 3,447 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total transaction of $162,388.17. Following the transaction, the insider directly owned 11,500 shares of the company’s stock, valued at approximately $541,765. This trade represents a 23.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BankUnited

A number of large investors have recently modified their holdings of BKU. Strs Ohio purchased a new position in shares of BankUnited during the 1st quarter valued at about $28,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of BankUnited during the 4th quarter valued at about $30,000. Kestra Advisory Services LLC purchased a new position in shares of BankUnited during the 4th quarter valued at about $35,000. Quarry LP raised its holdings in shares of BankUnited by 158.2% during the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after buying an additional 576 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of BankUnited by 202.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock valued at $46,000 after buying an additional 814 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

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.