BankUnited’s (BKU) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of BankUnited (NYSE:BKU) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The brokerage currently has a $44.00 target price on the financial services provider’s stock.

Several other brokerages have also recently issued reports on BKU. Piper Sandler reissued a “neutral” rating and issued a $43.00 price objective (up previously from $41.00) on shares of BankUnited in a research note on Thursday, July 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, October 8th. Barclays increased their price objective on BankUnited from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods increased their target price on BankUnited from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.91.

BankUnited Trading Up 2.9%

BKU opened at $37.97 on Thursday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 10.69 and a beta of 1.27. The stock’s 50 day moving average price is $38.35 and its 200-day moving average price is $36.19. BankUnited has a one year low of $28.21 and a one year high of $44.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.84 and a current ratio of 0.83.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The firm had revenue of $275.68 million for the quarter, compared to analysts’ expectations of $280.33 million. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities analysts forecast that BankUnited will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 10th. BankUnited’s dividend payout ratio (DPR) is 34.93%.

Institutional Trading of BankUnited

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bayforest Capital Ltd lifted its holdings in shares of BankUnited by 32.3% during the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 271 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of BankUnited by 1.4% during the 2nd quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 304 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of BankUnited by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 337 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of BankUnited by 7.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,132 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 368 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of BankUnited by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 69,132 shares of the financial services provider’s stock valued at $2,460,000 after purchasing an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

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.