BankUnited, Inc. (NYSE:BKU) Receives $40.42 Consensus Target Price from Analysts

Shares of BankUnited, Inc. (NYSE:BKU - Get Free Report) have earned a consensus rating of "Hold" from the twelve brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $40.42.

Several research analysts recently weighed in on the company. Wall Street Zen cut BankUnited from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Royal Bank Of Canada cut their price target on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company lowered their price objective on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their target price on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Jefferies Financial Group initiated coverage on shares of BankUnited in a research note on Wednesday, May 21st. They set a "hold" rating and a $39.00 target price for the company.

Insider Activity at BankUnited

In other BankUnited news, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $33.56, for a total transaction of $764,362.56. Following the sale, the chief financial officer directly owned 59,899 shares of the company's stock, valued at $2,010,210.44. The trade was a 27.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $34.43, for a total value of $34,430.00. Following the completion of the sale, the director directly owned 14,516 shares of the company's stock, valued at approximately $499,785.88. This trade represents a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

Institutional Investors Weigh In On BankUnited

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 547 shares during the period. Principal Financial Group Inc. increased its stake in BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock valued at $13,836,000 after buying an additional 10,064 shares during the period. Handelsbanken Fonder AB increased its stake in BankUnited by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 14,332 shares of the financial services provider's stock valued at $547,000 after buying an additional 900 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in BankUnited in the 4th quarter worth approximately $262,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of BankUnited during the 4th quarter valued at $766,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Price Performance

Shares of BankUnited stock traded up $0.01 on Friday, hitting $35.65. The company had a trading volume of 580,176 shares, compared to its average volume of 808,988. BankUnited has a 52 week low of $28.21 and a 52 week high of $44.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $2.68 billion, a PE ratio of 11.07 and a beta of 1.30. The business has a 50-day simple moving average of $34.34 and a 200-day simple moving average of $35.84.

BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. BankUnited had a return on equity of 8.66% and a net margin of 12.26%. The firm had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. During the same period in the prior year, the firm posted $0.64 earnings per share. Research analysts expect that BankUnited will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.48%. BankUnited's dividend payout ratio (DPR) is presently 38.51%.

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.