BankUnited (NYSE:BKU) Given New $42.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company reduced BankUnited's price target from $45.00 to $42.00, indicating a potential upside of 13.79% from its previous close.
• Five analysts have assigned a Buy rating to BankUnited, while six have rated it Hold and one Sell, leading to an average price target of $41.91.
• BankUnited reported $0.95 EPS for its latest quarter, surpassing expectations, though revenue decreased by 7.1% compared to the previous year.

BankUnited (NYSE:BKU - Get Free Report) had its price objective dropped by Wells Fargo & Company from $45.00 to $42.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's target price would indicate a potential upside of 13.79% from the stock's previous close.

Several other equities analysts have also recently commented on BKU. Hovde Group raised their price target on shares of BankUnited from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Keefe, Bruyette & Woods raised their price target on shares of BankUnited from $38.00 to $42.00 and gave the company a "market perform" rating in a research report on Monday, July 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $44.00 price target on shares of BankUnited in a research report on Thursday. Citigroup raised their price target on shares of BankUnited from $36.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of BankUnited from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.91.

BankUnited Stock Performance

NYSE:BKU opened at $36.91 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $2.78 billion, a P/E ratio of 10.90 and a beta of 1.27. The company has a 50 day moving average price of $38.37 and a 200 day moving average price of $36.04. BankUnited has a fifty-two week low of $28.21 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.84 by $0.11. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The company had revenue of $275.68 million during the quarter, compared to analysts' expectations of $280.33 million. During the same quarter last year, the company posted $0.81 EPS. The firm's revenue was down 7.1% compared to the same quarter last year. Equities research analysts forecast that BankUnited will post 3.13 EPS for the current year.

Insiders Place Their Bets

In other BankUnited news, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.79, for a total value of $135,765.00. Following the transaction, the director directly owned 43,205 shares in the company, valued at approximately $1,675,921.95. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 3,942 shares of BankUnited stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the completion of the transaction, the insider owned 39,193 shares in the company, valued at approximately $1,521,080.33. This represents a 9.14% 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 Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bayforest Capital Ltd boosted its holdings in BankUnited by 32.3% during the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider's stock worth $40,000 after buying an additional 271 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in BankUnited by 1.4% during the second quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider's stock worth $787,000 after buying an additional 304 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in BankUnited by 1.2% during the second quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider's stock worth $994,000 after buying an additional 337 shares in the last quarter. GAMMA Investing LLC boosted its holdings in BankUnited by 7.7% during the third quarter. GAMMA Investing LLC now owns 5,132 shares of the financial services provider's stock worth $196,000 after buying an additional 368 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of BankUnited by 0.7% in the second quarter. California State Teachers Retirement System now owns 69,132 shares of the financial services provider's stock valued at $2,460,000 after purchasing an additional 483 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

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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