BankUnited (NYSE:BKU) Price Target Cut to $52.00 by Analysts at Hovde Group

BankUnited (NYSE:BKU) had its price target reduced by investment analysts at Hovde Group from $53.00 to $52.00 in a research report issued to clients and investors on Monday, Briefing.com reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s price target would suggest a potential upside of 16.06% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada cut their price target on shares of BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a report on Thursday, July 23rd. Keefe, Bruyette & Woods reduced their price target on BankUnited from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of BankUnited in a report on Wednesday, August 26th. Finally, Citigroup lowered their price objective on BankUnited from $45.00 to $42.00 and set a “sell” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $51.55.

BankUnited Stock Up 0.1%

BankUnited stock opened at $44.81 on Monday. The business has a fifty day moving average of $46.94 and a two-hundred day moving average of $46.68. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.19 billion, a P/E ratio of 12.28 and a beta of 1.17. BankUnited has a twelve month low of $35.10 and a twelve month high of $52.11.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $290.33 million. During the same period last year, the business posted $0.91 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that BankUnited will post 4.01 earnings per share for the current fiscal year.

Insider Transactions at BankUnited

In other BankUnited news, Director Douglas Pauls sold 3,000 shares of the company’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 transaction, the director owned 42,472 shares in the company, valued at approximately $2,034,408.80. This represents a 6.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BankUnited

A number of large investors have recently made changes to their positions in BKU. Hantz Financial Services Inc. lifted its position in BankUnited by 21.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 255 shares during the period. Covestor Ltd raised its stake in shares of BankUnited by 20.9% in the fourth quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 289 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of BankUnited by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 300 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of BankUnited by 24.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,810 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 358 shares during the period. Finally, IFP Advisors Inc boosted 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 buying an additional 432 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

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.