Brokerages Set BankUnited, Inc. (NYSE:BKU) PT at $51.64

Shares of BankUnited, Inc. (NYSE:BKU) have received a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $51.6364.

A number of research firms have issued reports on BKU. Wells Fargo & Company initiated coverage on shares of BankUnited in a report on Monday, August 10th. They issued an “overweight” rating and a $54.00 target price on the stock. Zacks Research downgraded shares of BankUnited from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Barclays cut their price objective on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of BankUnited in a research note on Wednesday, August 26th. Finally, Hovde Group cut their price target on BankUnited from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 27th.

Insider Transactions at BankUnited

In other news, Director Douglas J. Pauls sold 3,000 shares of the stock in a transaction dated 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 directly owned 42,472 shares in the company, valued at $2,034,408.80. This represents a 6.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jay D. Richards sold 4,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the transaction, the insider owned 40,502 shares in the company, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BankUnited

Several institutional investors and hedge funds have recently bought and sold shares of BKU. BlackRock Inc. purchased a new position in BankUnited during the second quarter worth approximately $518,492,000. Dimensional Fund Advisors LP grew its stake in shares of BankUnited by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock valued at $210,390,000 after buying an additional 26,292 shares during the period. State Street Corp increased its holdings in shares of BankUnited by 3.5% during the 4th quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock worth $197,792,000 after buying an additional 149,450 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of BankUnited by 4,612.2% during the 2nd quarter. California State Teachers Retirement System now owns 4,378,911 shares of the financial services provider’s stock worth $212,158,000 after buying an additional 4,285,984 shares during the last quarter. Finally, HoldCo Asset Management LP raised its position in shares of BankUnited by 277.3% in the 4th quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock worth $157,568,000 after buying an additional 2,598,382 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Performance

NYSE BKU opened at $44.75 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. BankUnited has a fifty-two week low of $35.10 and a fifty-two week high of $52.11. The business has a fifty day moving average of $47.49 and a 200-day moving average of $46.87. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 12.26 and a beta of 1.17.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The company had revenue of $284.57 million for the quarter, compared to analyst estimates of $290.33 million. BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. As a group, analysts predict that BankUnited will post 4.01 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, July 10th. BankUnited’s dividend payout ratio is presently 36.16%.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.