BankUnited (NYSE:BKU) Price Target Raised to $42.00 at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has raised BankUnited's price target to $42.00, indicating a potential upside of 9.18% from the previous close.
• Several other firms have also increased their price targets for BankUnited, with Hovde Group setting a target of $44.00 and Piper Sandler adjusting to $43.00.
• BankUnited's recent quarterly earnings surpassed estimates, reporting $0.91 EPS compared to a consensus estimate of $0.79.

BankUnited (NYSE:BKU - Get Free Report) had its price target raised by investment analysts at Keefe, Bruyette & Woods from $38.00 to $42.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 9.18% from the company's previous close.

Several other research analysts have also weighed in on BKU. Hovde Group upped their price objective on shares of BankUnited from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Thursday. Piper Sandler reissued a "neutral" rating and issued a $43.00 target price (up from $41.00) on shares of BankUnited in a research report on Thursday. Barclays boosted their target price on shares of BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday. Jefferies Financial Group initiated coverage on shares of BankUnited in a research report on Wednesday, May 21st. They issued a "hold" rating and a $39.00 target price for the company. Finally, Wall Street Zen upgraded BankUnited from a "sell" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $41.55.

BankUnited Stock Down 0.9%

BankUnited stock opened at $38.47 on Monday. The firm has a market cap of $2.89 billion, a PE ratio of 11.28 and a beta of 1.29. 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 firm's 50 day moving average price is $35.77 and its two-hundred day moving average price is $35.75. BankUnited has a twelve month low of $28.21 and a twelve month high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last released 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 13.19% and a return on equity of 9.00%. During the same quarter in the prior year, the business earned $0.72 EPS. On average, research analysts predict that BankUnited will post 3.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction that occurred 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 sale, the director owned 14,516 shares of the company's stock, valued at approximately $499,785.88. This trade represents a 6.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Leslie Lunak sold 22,776 shares of BankUnited stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total value of $764,362.56. Following the sale, the chief financial officer directly owned 59,899 shares in the company, valued at $2,010,210.44. The trade was a 27.55% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Institutional Trading of BankUnited

Institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of BankUnited during the 1st quarter worth approximately $28,000. Brooklyn Investment Group raised its holdings in shares of BankUnited by 14,050.0% in the 1st quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider's stock worth $29,000 after buying an additional 843 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after buying an additional 410 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of BankUnited by 165.5% in the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock worth $65,000 after buying an additional 1,175 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited in the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 99.70% of the company's stock.

About BankUnited

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.