BankUnited, Inc. (NYSE:BKU) Given Consensus Rating of "Hold" by Brokerages

Key Points

• BankUnited, Inc. has received a consensus rating of "Hold" from twelve analysts, with five analysts giving it a buy rating and one analyst issuing a sell rating.
• The company reported earnings of $0.91 per share for the last quarter, exceeding analysts' expectations of $0.79, and announced a quarterly dividend of $0.31 per share.
• Significant insider activity occurred on July 25th, with two directors selling a total of 7,442 shares of the company's stock, reflecting a decrease in their ownership positions.

Shares of BankUnited, Inc. (NYSE:BKU - Get Free Report) have earned an average rating of "Hold" from the twelve analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $41.9091.

Several analysts have commented on BKU shares. Cantor Fitzgerald started coverage on shares of BankUnited in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $44.00 target price for the company. Barclays lifted their target price on shares of BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Piper Sandler reaffirmed a "neutral" rating and issued a $43.00 target price (up from $41.00) on shares of BankUnited in a research note on Thursday, July 24th. Citigroup lifted their target price on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Hovde Group lifted their target price on shares of BankUnited from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th.

Insider Buying and Selling at BankUnited

In other news, Director Douglas J. Pauls sold 3,500 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.79, for a total transaction of $135,765.00. Following the completion of the sale, the director directly owned 43,205 shares of the company's stock, valued at $1,675,921.95. The trade was a 7.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay D. Richards sold 3,942 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the sale, the insider directly owned 39,193 shares of the company's stock, valued at $1,521,080.33. This represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Institutional Trading of BankUnited

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake 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 buying an additional 368 shares during the period. Public Sector Pension Investment Board grew its stake in shares of BankUnited by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 299,618 shares of the financial services provider's stock valued at $10,663,000 after buying an additional 19,320 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of BankUnited by 0.7% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 77,271 shares of the financial services provider's stock valued at $2,752,000 after buying an additional 544 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of BankUnited by 324.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,537 shares of the financial services provider's stock valued at $482,000 after buying an additional 10,344 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in shares of BankUnited by 18.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 136,602 shares of the financial services provider's stock valued at $4,862,000 after buying an additional 21,220 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Trading Up 0.5%

Shares of BKU opened at $38.27 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $37.94 and a 200-day simple moving average of $35.68. BankUnited has a 1-year low of $28.21 and a 1-year high of $44.45. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 11.22 and a beta of 1.27.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The business had revenue of $273.93 million during the quarter, compared to analysts' expectations of $267.17 million. During the same period last year, the company posted $0.72 EPS. Equities analysts forecast that BankUnited will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 10th. BankUnited's payout ratio is presently 36.36%.

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.

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