BankUnited, Inc. (NYSE:BKU) Given Average Rating of “Hold” by Analysts

Shares of BankUnited, Inc. (NYSE:BKUGet Free Report) have been assigned an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $51.7273.

A number of brokerages have recently issued reports on BKU. Royal Bank Of Canada reduced 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. Keefe, Bruyette & Woods cut their price target on BankUnited from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Monday. Zacks Research cut BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Barclays lowered their price objective on BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Weiss Ratings raised BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th.

Read Our Latest Report on BankUnited

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $48.67, for a total value of $194,680.00. Following the sale, the insider owned 40,502 shares in the company, valued at $1,971,232.34. The trade was a 8.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John N. Digiacomo sold 1,000 shares of the firm’s stock in a transaction dated 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 owned 15,027 shares of the company’s stock, valued at approximately $690,791.19. The trade was a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Several institutional investors have recently added to or reduced their stakes in the company. Summit Global Investments bought a new stake in BankUnited in the 2nd quarter worth approximately $1,189,000. Oppenheimer Asset Management Inc. bought a new position in shares of BankUnited during the 2nd quarter valued at approximately $571,000. Assenagon Asset Management S.A. grew its holdings in shares of BankUnited by 47.2% in the second quarter. Assenagon Asset Management S.A. now owns 254,990 shares of the financial services provider’s stock valued at $12,354,000 after purchasing an additional 81,741 shares in the last quarter. GAMMA Investing LLC increased its position in BankUnited by 8.0% in the second quarter. GAMMA Investing LLC now owns 6,620 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 491 shares during the last quarter. Finally, Bank of America Corp DE increased its position in BankUnited by 9.0% in the first quarter. Bank of America Corp DE now owns 819,548 shares of the financial services provider’s stock worth $37,011,000 after purchasing an additional 67,981 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Trading Down 0.7%

Shares of BKU stock opened at $47.56 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 13.03 and a beta of 1.18. BankUnited has a 1 year low of $35.10 and a 1 year high of $52.11. The firm has a fifty day moving average price of $47.76 and a 200-day moving average price of $47.14.

BankUnited (NYSE:BKUGet Free Report) last released its 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%. BankUnited’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. As a group, equities analysts predict that BankUnited will post 4.09 earnings per share for the current year.

BankUnited Announces Dividend

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

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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