BankUnited, Inc. (NYSE:BKU) Receives $40.42 Average PT from Analysts

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

Several brokerages have weighed in on BKU. Jefferies Financial Group started coverage on shares of BankUnited in a research report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target for the company. Piper Sandler raised BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective for the company in a research report on Tuesday, March 11th. Barclays lowered their price objective on BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their price target on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price objective on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th.

BankUnited Price Performance

NYSE:BKU traded down $0.06 during midday trading on Monday, hitting $33.60. The company had a trading volume of 530,972 shares, compared to its average volume of 798,306. The stock's fifty day moving average price is $33.11 and its 200-day moving average price is $36.76. BankUnited has a 52-week low of $26.78 and a 52-week high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.53 billion, a PE ratio of 10.91 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The company had revenue of $255.41 million during the quarter, compared to analysts' expectations of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the prior year, the company earned $0.64 EPS. As a group, research analysts expect that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.69%. This is an increase from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, April 11th. BankUnited's payout ratio is presently 38.51%.

Insider Buying and Selling

In other news, CFO Leslie Lunak sold 22,776 shares of the company'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 sale, the chief financial officer now directly owns 59,899 shares in the company, valued at approximately $2,010,210.44. This represents a 27.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John N. Digiacomo sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total value of $34,430.00. Following the sale, the director now owns 14,516 shares in the company, valued at approximately $499,785.88. This trade represents a 6.44% 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 Investors Weigh In On BankUnited

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its stake in BankUnited by 48.3% in the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider's stock worth $6,677,000 after purchasing an additional 59,644 shares during the period. Blue Trust Inc. grew its stake in BankUnited by 182.3% in the fourth 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 last quarter. KBC Group NV grew its position in shares of BankUnited by 87.8% in the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock worth $154,000 after buying an additional 1,883 shares during the last quarter. Empowered Funds LLC grew its stake in BankUnited by 9.0% during the 4th quarter. Empowered Funds LLC now owns 250,194 shares of the financial services provider's stock worth $9,550,000 after buying an additional 20,558 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of BankUnited by 7.8% during the fourth quarter. Congress Asset Management Co. now owns 209,010 shares of the financial services provider's stock worth $7,978,000 after acquiring an additional 15,057 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

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.