BankUnited, Inc. (NYSE:BKU) Receives $53.27 Average Price Target from Analysts

Shares of BankUnited, Inc. (NYSE:BKUGet Free Report) have been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $53.2727.

A number of research firms recently weighed in on BKU. Keefe, Bruyette & Woods reduced their price target on BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Citigroup reduced their target price on BankUnited from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, Hovde Group reduced their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd.

Check Out Our Latest Stock Analysis on BKU

Insider Buying and Selling

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

Hedge Funds Weigh In On BankUnited

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings 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 valued at $210,390,000 after purchasing an additional 26,292 shares during the last quarter. State Street Corp increased its holdings 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 valued at $197,792,000 after purchasing an additional 149,450 shares during the last quarter. HoldCo Asset Management LP increased its holdings 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 valued at $157,568,000 after purchasing an additional 2,598,382 shares during the last quarter. Wellington Management Group LLP increased its holdings 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 valued at $140,654,000 after purchasing an additional 84,971 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings 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 valued at $82,576,000 after purchasing an additional 185,937 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Performance

NYSE BKU opened at $47.96 on Friday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.36 and a beta of 1.17. BankUnited has a twelve month low of $33.33 and a twelve month high of $52.11. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $46.79 and a 200 day moving average of $46.41.

BankUnited (NYSE:BKUGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The business had revenue of $273.69 million during the quarter, compared to analyst estimates of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period in the previous year, the company posted $0.78 EPS. Sell-side analysts anticipate that BankUnited will post 4.16 EPS for the current fiscal year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders 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 is an increase from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. BankUnited’s payout ratio is currently 36.77%.

About BankUnited

(Get Free Report)

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.

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Analyst Recommendations for BankUnited (NYSE:BKU)

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