BankUnited (NYSE:BKU) Rating Lowered to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded BankUnited from “hold” to “strong sell,” while issuing earnings estimates of $4.52 per share for fiscal 2027. Despite the downgrade, analysts’ overall consensus remains “hold,” with a $51.64 target price.
• BankUnited missed its latest quarterly earnings and revenue estimates, reporting $0.97 EPS versus the $1.00 consensus and $284.57 million in revenue versus $290.33 million expected. Revenue still increased 3.9% year over year.
• The stock opened at $46.34, below the analyst consensus target, while insiders sold 8,000 shares worth approximately $384,350 over the past 90 days; institutional investors own 99.70% of the company.

BankUnited (NYSE:BKU - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Zacks Research also issued estimates for BankUnited's Q4 2026 earnings at $1.16 EPS, Q1 2027 earnings at $1.08 EPS, Q3 2027 earnings at $1.12 EPS, FY2027 earnings at $4.52 EPS and Q1 2028 earnings at $1.27 EPS.

A number of other research analysts have also recently commented on BKU. Hovde Group reduced their price objective on BankUnited from $55.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 27th. Royal Bank Of Canada lowered their target price on BankUnited from $53.00 to $50.00 and set a "sector perform" rating for the company in a research note on Thursday, July 23rd. Citigroup dropped their target price on BankUnited from $45.00 to $42.00 and set a "sell" rating on the stock in a report on Friday, July 24th. Barclays reduced their price target on BankUnited from $50.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of BankUnited in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $51.64.

BankUnited Stock Performance

NYSE BKU opened at $46.34 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. BankUnited has a 1-year low of $35.10 and a 1-year high of $52.11. The firm has a market capitalization of $3.30 billion, a P/E ratio of 12.70 and a beta of 1.18. The business's 50-day simple moving average is $47.79 and its 200-day simple moving average is $47.09.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.03). BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The business had revenue of $284.57 million during the quarter, compared to analysts' expectations of $290.33 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts predict that BankUnited will post 4.01 EPS for the current year.

Insider Transactions at BankUnited

In other news, Director John N. Digiacomo sold 1,000 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.97, for a total value of $45,970.00. Following the sale, the director owned 15,027 shares in the company, valued at approximately $690,791.19. This represents a 6.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas J. Pauls sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total value of $143,700.00. Following the sale, the director directly owned 42,472 shares in the company, valued at approximately $2,034,408.80. This represents a 6.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 8,000 shares of company stock valued at $384,350. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BKU. Allworth Financial LP acquired a new position in shares of BankUnited during the second quarter worth approximately $26,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of BankUnited in the 4th quarter worth $30,000. Kestra Advisory Services LLC acquired a new position in BankUnited during the fourth quarter worth about $35,000. Strs Ohio bought a new stake in BankUnited in the first quarter worth about $28,000. Finally, Quarry LP raised its position in BankUnited by 158.2% in the third quarter. Quarry LP now owns 940 shares of the financial services provider's stock worth $36,000 after acquiring an additional 576 shares in the last quarter. Institutional investors own 99.70% of the company's stock.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank's lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source