Cantor Fitzgerald restated their overweight rating on shares of BankUnited (NYSE:BKU – Free Report) in a report issued on Wednesday,Benzinga reports. They currently have a $56.00 target price on the financial services provider’s stock.
A number of other equities analysts have also commented on BKU. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Hovde Group lowered their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company lifted their target price on BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Keefe, Bruyette & Woods cut their price target on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.73.
Get Our Latest Analysis on BankUnited
BankUnited Stock Down 1.0%
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 analysts’ consensus estimates of $0.97 by ($0.14). The firm had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, analysts forecast that BankUnited will post 4.16 earnings per share for the current fiscal year.
BankUnited Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 10th. BankUnited’s payout ratio is 36.77%.
Insider Buying and Selling
In related news, Director John N. Digiacomo sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 15,027 shares in the company, valued at $690,791.19. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay D. Richards sold 4,000 shares of BankUnited 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 completion of the transaction, the insider directly owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.
Institutional Trading of BankUnited
Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of BankUnited in the 1st quarter valued at about $28,000. Eurizon Capital SGR S.p.A. acquired a new stake in BankUnited during the fourth quarter worth about $30,000. Kestra Advisory Services LLC bought a new position in BankUnited in the fourth quarter worth about $35,000. Quarry LP lifted its holdings in BankUnited by 158.2% in the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 576 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in BankUnited by 141.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 898 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.
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.
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