BankUnited, Inc. (NYSE:BKU – Get Free Report) has been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six 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 $48.82.
BKU has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of BankUnited in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BankUnited in a research report on Wednesday, August 26th. Cantor Fitzgerald decreased their price target on BankUnited from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Zacks Research lowered BankUnited from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th.
Check Out Our Latest Analysis on BankUnited
BankUnited Price Performance
Shares of NYSE BKU opened at $43.84 on Monday. BankUnited has a fifty-two week low of $38.01 and a fifty-two week high of $52.11. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 11.82 and a beta of 1.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s 50-day simple moving average is $43.58 and its 200 day simple moving average is $46.17.
BankUnited (NYSE:BKU – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.03. The business had revenue of $280.44 million during the quarter, compared to the consensus estimate of $292.50 million. BankUnited had a return on equity of 9.36% and a net margin of 15.01%. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, research analysts anticipate that BankUnited will post 3.90 earnings per share for the current fiscal year.
BankUnited Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 9th were paid a $0.33 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. BankUnited’s dividend payout ratio is presently 35.58%.
Institutional Trading of BankUnited
Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of BankUnited during the second quarter valued at about $26,000. Farther Finance Advisors LLC boosted its holdings in BankUnited by 62.7% during the third quarter. Farther Finance Advisors LLC now owns 690 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 266 shares during the last quarter. IFP Advisors Inc grew its position in BankUnited by 85.4% in the 2nd quarter. IFP Advisors Inc now owns 938 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 432 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in BankUnited in the 2nd quarter worth about $49,000. Finally, Nykredit A S bought a new stake in BankUnited in the 2nd quarter worth about $59,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.
About BankUnited
BankUnited, Inc. is the bank holding company for BankUnited, N.A., a commercial bank headquartered in Miami Lakes, Florida. It serves businesses, individuals and institutions through banking offices and digital channels. The bank provides commercial and consumer deposit accounts, lending and cash-management services. Its commercial offerings include business loans and specialized financing, while its consumer services include personal banking and residential mortgage lending. BankUnited began operations in 2009 after acquiring the assets and deposits of the former BankUnited, FSB.
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