BankUnited, Inc. (NYSE:BKU) Receives $35.80 Average Price Target from Brokerages

BankUnited, Inc. (NYSE:BKU) has been assigned an average recommendation of “Reduce” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $36.40.

Several equities analysts have weighed in on the company. Citigroup cut their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Wedbush lifted their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Barclays lifted their target price on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a research report on Wednesday. Finally, Hovde Group lifted their price objective on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th.

Insider Buying and Selling

In related news, Director William S. Rubenstein sold 7,864 shares of BankUnited stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares of the company’s stock, valued at $396,576.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.19% of the stock is owned by insiders.

Institutional Investors Weigh In On BankUnited

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of BankUnited by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock valued at $31,659,000 after buying an additional 236,174 shares in the last quarter. CWM LLC raised its position in shares of BankUnited by 118.3% during the 3rd quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,280 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BankUnited during the 3rd quarter valued at $181,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited during the 2nd quarter valued at $169,000. 99.70% of the stock is owned by institutional investors.

BankUnited Price Performance

Shares of NYSE:BKU opened at $35.41 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.22. BankUnited has a 1 year low of $21.02 and a 1 year high of $39.51. The business has a fifty day simple moving average of $36.45 and a 200 day simple moving average of $32.36. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 15.26 and a beta of 1.33.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The business had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. During the same period last year, the company earned $0.63 earnings per share. As a group, sell-side analysts predict that BankUnited will post 2.86 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Friday, October 11th. BankUnited’s payout ratio is currently 50.00%.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.