BankUnited, Inc. (NYSE:BKU) Stock Has Average Target Price of $51.55

Shares of BankUnited, Inc. (NYSE:BKU) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $51.55.

Several research analysts recently weighed in on BKU shares. Barclays cut their target price on BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Royal Bank Of Canada dropped their price target on BankUnited from $53.00 to $50.00 and set a “sector perform” rating for the company in a research note on Thursday, July 23rd. Hovde Group cut their price objective on BankUnited from $53.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, September 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $56.00 price objective on shares of BankUnited in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods decreased their target price on BankUnited from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Monday, August 3rd.

Insider Transactions at BankUnited

In other BankUnited news, Director Douglas Pauls sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total transaction of $143,700.00. Following the completion of the sale, the director directly owned 42,472 shares in the company, valued at $2,034,408.80. The trade was a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BankUnited

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in BankUnited during the 2nd quarter worth $49,000. IFP Advisors Inc raised its position in BankUnited by 85.4% in the second quarter. IFP Advisors Inc now owns 938 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 432 shares during the period. Squarepoint Ops LLC purchased a new position in BankUnited in the second quarter valued at about $3,407,000. Nykredit A S acquired a new position in shares of BankUnited during the second quarter worth about $59,000. Finally, Corient Private Wealth LP acquired a new position in shares of BankUnited during the second quarter worth about $727,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Performance

Shares of BKU stock opened at $43.65 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 11.96 and a beta of 1.17. BankUnited has a one year low of $35.10 and a one year high of $52.11. The company has a 50 day moving average price of $46.08 and a 200 day moving average price of $46.47.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The company had revenue of $284.57 million during the quarter, compared to analyst estimates of $290.33 million. During the same quarter last year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that BankUnited will post 4.01 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 9th. BankUnited’s payout ratio is 36.16%.

BankUnited Company Profile

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. The company provides banking products and services to commercial and middle-market businesses, public-sector organizations, and individual consumers.

Its offerings include commercial and industrial lending, commercial real estate financing, residential and commercial mortgage lending, consumer loans, deposit accounts, treasury management, online and mobile banking, and other cash-management services.