BankUnited (NYSE:BKU – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports. Zacks Research also issued estimates for BankUnited’s Q4 2026 earnings at $1.16 EPS, Q1 2027 earnings at $1.08 EPS, Q3 2027 earnings at $1.12 EPS, FY2027 earnings at $4.52 EPS and Q1 2028 earnings at $1.27 EPS.
BKU has been the topic of several other research reports. Barclays cut their price objective on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Keefe, Bruyette & Woods cut their price target on shares of BankUnited from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Monday, August 3rd. Hovde Group reduced their price objective on shares of BankUnited from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Citigroup decreased their price objective on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating for the company in a report on Friday, July 24th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of BankUnited in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.64.
Check Out Our Latest Research Report on BankUnited
BankUnited Price Performance
BankUnited (NYSE:BKU – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 EPS 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 analyst estimates of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. Equities analysts forecast that BankUnited will post 4.01 EPS for the current fiscal year.
Insider Activity at BankUnited
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 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. The trade was a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were 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 of the company’s stock, valued at $690,791.19. This trade represents a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,000 shares of company stock worth $384,350. 1.00% of the stock is owned by insiders.
Institutional Investors Weigh In On BankUnited
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in BankUnited during the 2nd quarter valued at $26,000. Eurizon Capital SGR S.p.A. bought a new position in BankUnited during the fourth quarter valued at about $30,000. Kestra Advisory Services LLC bought a new stake in shares of BankUnited in the 4th quarter worth approximately $35,000. Strs Ohio acquired a new stake in shares of BankUnited during the 1st quarter worth approximately $28,000. Finally, Quarry LP increased its position in shares of BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.
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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