Analysts Set BankUnited, Inc. (NYSE:BKU) Target Price at $40.58

BankUnited, Inc. (NYSE:BKU - Get Free Report) has been given a consensus rating of "Hold" by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $40.55.

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of BankUnited from $38.00 to $41.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Hovde Group dropped their price target on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Jefferies Financial Group assumed coverage on shares of BankUnited in a research report on Wednesday, May 21st. They issued a "hold" rating and a $39.00 price target on the stock. Royal Bank Of Canada dropped 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, Keefe, Bruyette & Woods dropped their price target on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th.

BankUnited Stock Up 2.1%

BKU traded up $0.82 during midday trading on Tuesday, hitting $39.54. 1,987,807 shares of the company's stock traded hands, compared to its average volume of 839,976. The company has a market cap of $2.97 billion, a PE ratio of 12.28 and a beta of 1.29. The stock's fifty day simple moving average is $35.61 and its 200-day simple moving average is $35.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. BankUnited has a one year low of $28.21 and a one year high of $44.45.

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, beating the consensus estimate of $0.79 by $0.12. The firm had revenue of $273.93 million for the quarter, compared to analyst estimates of $267.17 million. BankUnited had a net margin of 12.26% and a return on equity of 8.66%. During the same quarter last year, the firm earned $0.72 earnings per share. As a group, equities analysts anticipate that BankUnited will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, July 11th. BankUnited's dividend payout ratio (DPR) is currently 38.51%.

Insiders Place Their Bets

In related 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 transaction, the chief financial officer owned 59,899 shares of the company's stock, valued at approximately $2,010,210.44. The trade was a 27.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the completion of the sale, the director directly owned 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. Insiders own 1.15% of the company's stock.

Institutional Investors Weigh In On BankUnited

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in BankUnited by 893.2% during the 1st quarter. Wellington Management Group LLP now owns 1,150,879 shares of the financial services provider's stock worth $39,636,000 after buying an additional 1,035,002 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in BankUnited during the 4th quarter worth about $34,525,000. Freestone Grove Partners LP acquired a new position in BankUnited during the 4th quarter worth about $30,499,000. Boston Partners acquired a new position in BankUnited during the 1st quarter worth about $26,299,000. Finally, Kodai Capital Management LP acquired a new position in BankUnited during the 1st quarter worth about $16,986,000. 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.