BankUnited (NYSE:BKU – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for BankUnited’s FY2026 earnings at $4.28 EPS.
Several other equities analysts also recently weighed in on the company. Hovde Group dropped their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Barclays reduced their price target on shares of BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Raymond James Financial reissued an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Finally, Citigroup cut their target price on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.27.
Get Our Latest Report on BankUnited
BankUnited Trading Up 1.4%
BankUnited (NYSE:BKU – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) 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 firm had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, equities analysts expect that BankUnited will post 4.16 earnings per share for the current year.
Insider Transactions at BankUnited
In other news, insider Jay D. Richards sold 4,000 shares of the business’s stock in a transaction dated 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 directly owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the sale, the director owned 15,027 shares in the company, valued at $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by company insiders.
Institutional Trading of BankUnited
Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in BankUnited by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock worth $210,390,000 after acquiring an additional 26,292 shares in the last quarter. State Street Corp raised its holdings in shares of BankUnited by 3.5% in the 4th 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 in the last quarter. HoldCo Asset Management LP lifted its position in shares of BankUnited by 277.3% during the 4th quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock worth $157,568,000 after purchasing an additional 2,598,382 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of BankUnited by 2.8% during the 4th quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock worth $140,654,000 after purchasing an additional 84,971 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of BankUnited by 9.4% during the 3rd quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock worth $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 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.
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