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

BankUnited, Inc. (NYSE:BKU) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $53.2727.

Several research firms have issued reports on BKU. Barclays dropped their target price on BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Zacks Research downgraded BankUnited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Raymond James Financial restated an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Hovde Group dropped their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd.

Insider Buying and Selling at BankUnited

In other BankUnited news, 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 transaction of $194,680.00. Following the sale, the insider owned 40,502 shares in the company, valued at $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John N. Digiacomo sold 1,000 shares of the 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 sale, the director owned 15,027 shares in the company, valued at approximately $690,791.19. This represents a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BankUnited

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of BankUnited by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock worth $210,390,000 after buying an additional 26,292 shares in the last quarter. State Street Corp raised its position in shares of BankUnited by 3.5% in 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 raised its position in shares of BankUnited by 277.3% in 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 raised its position in shares of BankUnited by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock worth $140,654,000 after buying an additional 84,971 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of BankUnited by 9.4% in the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock worth $82,576,000 after buying an additional 185,937 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Price Performance

Shares of NYSE BKU opened at $47.41 on Friday. The stock has a fifty day simple moving average of $46.84 and a two-hundred day simple moving average of $46.46. BankUnited has a 1-year low of $33.33 and a 1-year high of $52.11. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 13.21 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.

BankUnited (NYSE:BKU) last announced its quarterly earnings data 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). The firm had revenue of $273.69 million for the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same period last year, the company posted $0.78 earnings per share. Analysts anticipate that BankUnited will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.33 per share. This is an increase from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.

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.