BankUnited (NYSE:BKU) Earns "Neutral" Rating from Piper Sandler

Piper Sandler reissued their neutral rating on shares of BankUnited (NYSE:BKU - Free Report) in a research note published on Thursday, MarketBeat reports. They currently have a $43.00 price target on the financial services provider's stock, up from their previous price target of $41.00.

Several other research firms also recently weighed in on BKU. The Goldman Sachs Group reduced their price target on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group started coverage on shares of BankUnited in a report on Wednesday, May 21st. They issued a "hold" rating and a $39.00 price objective on the stock. Keefe, Bruyette & Woods reduced their target price on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Royal Bank Of Canada reduced their price objective on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Finally, Citigroup increased their target price 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.18.

BankUnited Stock Performance

BKU traded down $0.34 on Thursday, reaching $38.47. The stock had a trading volume of 716,011 shares, compared to its average volume of 829,491. BankUnited has a 12-month low of $28.21 and a 12-month high of $44.45. 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 business's 50-day moving average price is $35.73 and its two-hundred day moving average price is $35.78. The company has a market cap of $2.89 billion, a P/E ratio of 11.28 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share 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 firm had revenue of $273.93 million during the quarter, compared to the consensus estimate of $267.17 million. During the same quarter in the prior year, the firm earned $0.72 EPS. Sell-side analysts forecast that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, July 11th. BankUnited's payout ratio is 38.51%.

Insiders Place Their Bets

In other BankUnited news, CFO Leslie Lunak sold 22,776 shares of the 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 directly owned 59,899 shares in the company, valued at $2,010,210.44. This represents a 27.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John N. Digiacomo sold 1,000 shares of the 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 transaction, the director 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 disclosure for this sale can be found here. Corporate insiders own 1.15% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Strs Ohio bought a new position in shares of BankUnited in the 1st quarter worth about $28,000. Brooklyn Investment Group lifted its position 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 during the last quarter. Nomura Asset Management Co. Ltd. lifted its position 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 during the last quarter. Versant Capital Management Inc lifted its position 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited in the 4th quarter worth about $73,000. 99.70% of the stock is currently owned by institutional investors.

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.