Analysts Set BankUnited, Inc. (NYSE:BKU) Target Price at $53.55

Shares of BankUnited, Inc. (NYSE:BKU) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $54.00.

Several research analysts have commented on BKU shares. Zacks Research upgraded shares of BankUnited from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Hovde Group restated an “outperform” rating and set a $51.00 price target on shares of BankUnited in a report on Monday, December 8th. Barclays upped their price target on shares of BankUnited from $47.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Raymond James Financial set a $55.00 price objective on shares of BankUnited in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on shares of BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th.

Insider Activity at BankUnited

In other BankUnited news, insider Jay D. Richards sold 3,506 shares of BankUnited stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $49.83, for a total transaction of $174,703.98. Following the transaction, the insider owned 35,687 shares of the company’s stock, valued at $1,778,283.21. The trade was a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sanjiv Sobti sold 5,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $50.88, for a total value of $254,400.00. Following the completion of the transaction, the director owned 18,816 shares in the company, valued at $957,358.08. This represents a 20.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,953 shares of company stock valued at $591,492. Company insiders own 1.15% of the company’s stock.

Institutional Trading of BankUnited

Institutional investors have recently made changes to their positions in the stock. Summit Global Investments acquired a new position in shares of BankUnited in the third quarter worth $698,000. HoldCo Asset Management LP acquired a new stake in BankUnited during the third quarter valued at $35,752,000. Capital Fund Management S.A. acquired a new stake in BankUnited during the second quarter valued at $1,356,000. Fisher Asset Management LLC grew its stake in BankUnited by 24.7% in the second quarter. Fisher Asset Management LLC now owns 575,878 shares of the financial services provider’s stock valued at $20,495,000 after purchasing an additional 113,974 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new position in BankUnited in the third quarter valued at about $6,334,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Stock Up 0.1%

Shares of BankUnited stock opened at $45.60 on Friday. BankUnited has a 12-month low of $28.21 and a 12-month high of $52.11. The firm has a market capitalization of $3.36 billion, a PE ratio of 12.88 and a beta of 1.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $46.78 and its 200-day moving average is $43.69.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $260.80 million during the quarter, compared to analyst estimates of $279.76 million. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.During the same quarter last year, the company posted $0.91 EPS. Equities analysts anticipate that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be issued a dividend of $0.33 per share. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, April 10th. BankUnited’s dividend payout ratio is presently 35.03%.

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.