Jefferies Financial Group Cuts BankUnited (NYSE:BKU) Price Target to $60.00

BankUnited (NYSE:BKU) had its price target lowered by stock analysts at Jefferies Financial Group from $65.00 to $60.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 26.37% from the company’s current price.

Several other research analysts have also weighed in on the company. Susquehanna raised BankUnited to a “positive” rating in a research report on Wednesday, January 21st. Barclays lifted their target price on BankUnited from $47.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Keefe, Bruyette & Woods increased their price target on BankUnited from $42.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, January 22nd. Piper Sandler lifted their price objective on shares of BankUnited from $42.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company increased their target price on shares of BankUnited from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.45.

BankUnited Stock Performance

Shares of BKU stock opened at $47.48 on Monday. The stock has a market capitalization of $3.57 billion, a PE ratio of 13.41 and a beta of 1.30. The business’s 50 day simple moving average is $45.53 and its 200 day simple moving average is $40.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.83. BankUnited has a one year low of $28.21 and a one year high of $52.11.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. The firm had revenue of $288.20 million for the quarter, compared to the consensus estimate of $279.76 million. During the same quarter in the previous year, the company earned $0.91 EPS. As a group, research analysts forecast that BankUnited will post 3.13 earnings per share for the current year.

Institutional Trading of BankUnited

Several institutional investors have recently made changes to their positions in BKU. HoldCo Asset Management LP purchased a new position in BankUnited in the third quarter worth $35,752,000. UBS Group AG raised its stake in shares of BankUnited by 398.0% during the 4th quarter. UBS Group AG now owns 1,170,378 shares of the financial services provider’s stock worth $52,164,000 after purchasing an additional 935,370 shares during the period. Wellington Management Group LLP boosted its holdings in shares of BankUnited by 23.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock worth $117,183,000 after buying an additional 576,843 shares during the last quarter. Jain Global LLC bought a new position in BankUnited during the third quarter valued at about $11,224,000. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in BankUnited by 20.9% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider’s stock worth $58,586,000 after buying an additional 265,439 shares during the last quarter. Institutional investors 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.