BankUnited (NYSE:BKU) PT Lowered to $31.00

BankUnited (NYSE:BKU) had its price target cut by research analysts at Keefe, Bruyette & Woods from $33.00 to $31.00 in a report released on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 15.97% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada dropped their price target on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 9th. StockNews.com downgraded BankUnited from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Citigroup cut their price objective on BankUnited from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. JPMorgan Chase & Co. cut their price objective on BankUnited from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. Finally, UBS Group downgraded BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 price objective on the stock. in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, BankUnited has a consensus rating of “Hold” and an average price target of $30.50.

BankUnited Price Performance

Shares of BankUnited stock opened at $26.73 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.92 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average price is $26.79 and its two-hundred day moving average price is $26.99. BankUnited has a 52 week low of $15.83 and a 52 week high of $34.22. The stock has a market cap of $2.00 billion, a PE ratio of 11.52 and a beta of 1.36.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. The firm had revenue of $508.35 million for the quarter, compared to analysts’ expectations of $239.84 million. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, sell-side analysts anticipate that BankUnited will post 2.65 EPS for the current fiscal year.

Insider Activity at BankUnited

In related news, insider Kevin A. Malcolm sold 2,285 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the sale, the insider now owns 11,750 shares of the company’s stock, valued at approximately $319,365. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BankUnited

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its position in BankUnited by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider’s stock worth $4,042,000 after purchasing an additional 24,498 shares during the period. FMR LLC lifted its holdings in shares of BankUnited by 23.2% during the third quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock worth $34,939,000 after buying an additional 290,232 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of BankUnited by 84.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 262,741 shares of the financial services provider’s stock worth $5,964,000 after buying an additional 120,441 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of BankUnited by 129.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 70,116 shares of the financial services provider’s stock worth $1,592,000 after buying an additional 39,507 shares during the last quarter. Finally, Graham Capital Management L.P. lifted its holdings in shares of BankUnited by 272.2% during the third quarter. Graham Capital Management L.P. now owns 132,681 shares of the financial services provider’s stock worth $3,012,000 after buying an additional 97,034 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

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.