BankUnited, Inc. (NYSE:BKU) Receives Average Rating of "Hold" from Brokerages

Shares of BankUnited, Inc. (NYSE:BKU - Get Free Report) have received an average rating of "Hold" from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.42.

Several research firms have recently issued reports on BKU. Hovde Group lowered their target price on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. The Goldman Sachs Group lowered their target price on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a report on Wednesday, April 30th. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price for the company in a report on Tuesday, March 11th. Keefe, Bruyette & Woods lowered their target price on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada lowered their target price 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.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BKU. Blue Trust Inc. increased its position in BankUnited by 182.3% during 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. grew its position in shares of BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock worth $13,836,000 after buying an additional 10,064 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of BankUnited by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 14,332 shares of the financial services provider's stock worth $547,000 after buying an additional 900 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of BankUnited in the 4th quarter worth approximately $262,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of BankUnited in the 4th quarter worth approximately $766,000. Hedge funds and other institutional investors own 99.70% of the company's stock.

BankUnited Price Performance

BKU stock opened at $35.57 on Friday. BankUnited has a 52 week low of $27.74 and a 52 week high of $44.45. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $34.15 and a two-hundred day simple moving average of $35.99. The firm has a market capitalization of $2.68 billion, a P/E ratio of 11.05 and a beta of 1.30.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. BankUnited had a net margin of 12.26% and a return on equity of 8.66%. During the same quarter last year, the business earned $0.64 earnings per share. Analysts anticipate that BankUnited will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, July 11th. BankUnited's dividend payout ratio 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.

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