BankUnited, Inc. (NYSE:BKU) Receives $42.18 Consensus Target Price from Analysts

Shares of BankUnited, Inc. (NYSE:BKU) have received an average rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $42.18.

A number of research firms have recently commented on BKU. Royal Bank of Canada raised their price target on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Hovde Group reduced their target price on BankUnited from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Piper Sandler raised shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a report on Tuesday, March 11th. Barclays reduced their price objective on shares of BankUnited from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their target price on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th.

Insiders Place Their Bets

In related news, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the sale, the insider now owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sanjiv Sobti bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $32.07 per share, with a total value of $64,140.00. Following the purchase, the director now owns 20,782 shares of the company’s stock, valued at $666,478.74. This represents a 10.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On BankUnited

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of BankUnited by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider’s stock valued at $366,392,000 after buying an additional 181,493 shares during the last quarter. JPMorgan Chase & Co. lifted its position in BankUnited by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider’s stock valued at $107,696,000 after purchasing an additional 322,368 shares during the last quarter. Geode Capital Management LLC lifted its position in BankUnited by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after purchasing an additional 20,218 shares during the last quarter. Royce & Associates LP boosted its stake in shares of BankUnited by 3.3% during the fourth quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider’s stock valued at $43,889,000 after purchasing an additional 36,328 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in shares of BankUnited in the fourth quarter worth approximately $34,525,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Trading Up 1.7 %

Shares of BKU opened at $31.33 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 10.17 and a beta of 1.20. BankUnited has a fifty-two week low of $25.14 and a fifty-two week high of $44.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The business has a 50-day moving average of $34.68 and a 200 day moving average of $37.43.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period last year, the company earned $0.26 EPS. As a group, research analysts forecast that BankUnited will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a dividend of $0.31 per share. This is an increase from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.96%. BankUnited’s dividend payout ratio (DPR) is presently 40.26%.

About BankUnited

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.