BankUnited, Inc. (NYSE:BKU) Receives $40.58 Consensus Price Target from Brokerages

BankUnited, Inc. (NYSE:BKU - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $41.18.

Several brokerages have weighed in on BKU. Wells Fargo & Company increased their target price on shares of BankUnited from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday. Barclays increased their price target on shares of BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday. Citigroup increased their price target on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reduced their price target on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group reduced their price target on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th.

Insider Buying and Selling at BankUnited

In related news, 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 transaction of $34,430.00. Following the transaction, the director directly owned 14,516 shares in the company, valued at $499,785.88. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of BankUnited 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 owned 59,899 shares in the company, valued at approximately $2,010,210.44. This represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.15% of the company's stock.

Institutional Investors Weigh In On BankUnited

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC raised its position in BankUnited by 1.2% in the second quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider's stock worth $994,000 after acquiring an additional 337 shares in the last quarter. CWM LLC raised its position in BankUnited by 24.3% in the second quarter. CWM LLC now owns 9,278 shares of the financial services provider's stock worth $330,000 after acquiring an additional 1,814 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in BankUnited by 7.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,262 shares of the financial services provider's stock worth $579,000 after acquiring an additional 1,184 shares in the last quarter. Inspire Investing LLC raised its position in BankUnited by 11.3% in the second quarter. Inspire Investing LLC now owns 11,158 shares of the financial services provider's stock worth $397,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its position in BankUnited by 1.4% in the second quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider's stock worth $787,000 after acquiring an additional 304 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors.

BankUnited Stock Performance

NYSE BKU traded down $0.34 on Tuesday, hitting $38.47. 716,011 shares of the company's stock traded hands, compared to its average volume of 829,491. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $2.89 billion, a PE ratio of 11.28 and a beta of 1.29. The firm's 50-day moving average price is $35.73 and its two-hundred day moving average price is $35.78. BankUnited has a 1-year low of $28.21 and a 1-year high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The company had revenue of $273.93 million during the quarter, compared to analyst estimates of $267.17 million. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, analysts expect that BankUnited will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, July 11th. 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.