BankUnited's (BKU) Buy (B-) Rating Reiterated at Weiss Ratings

Key Points

• BankUnited's stock rating has been reaffirmed as "buy (B-)" by Weiss Ratings, indicating a positive outlook from this research firm.
• Citigroup has raised its target price for BankUnited shares from $36.00 to $38.00, while Wells Fargo reduced its price target from $45.00 to $42.00, reflecting varying sentiments among analysts.
• BankUnited reported earnings of $0.95 per share for the recent quarter, exceeding expectations despite a 7.1% decline in quarterly revenue compared to the previous year.

BankUnited (NYSE:BKU - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other brokerages also recently commented on BKU. Citigroup lifted their target price on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company reduced their price target on shares of BankUnited from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday. Piper Sandler reissued a "neutral" rating and issued a $43.00 price target (up from $41.00) on shares of BankUnited in a research note on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price target on shares of BankUnited from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group reduced their price target on shares of BankUnited from $42.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $41.91.

BankUnited Trading Up 2.9%

BKU stock traded up $1.08 during trading on Friday, reaching $37.97. 911,311 shares of the stock were exchanged, compared to its average volume of 846,311. The company has a current ratio of 0.83, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $38.34 and a 200-day moving average price of $36.09. BankUnited has a 1 year low of $28.21 and a 1 year high of $44.45. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 10.69 and a beta of 1.27.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.11. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The company had revenue of $275.68 million for the quarter, compared to the consensus estimate of $280.33 million. During the same period in the previous year, the firm earned $0.81 earnings per share. BankUnited's quarterly revenue was down 7.1% compared to the same quarter last year. On average, research analysts predict that BankUnited will post 3.13 earnings per share for the current year.

Institutional Investors Weigh In On BankUnited

Several large investors have recently added to or reduced their stakes in BKU. Strs Ohio purchased a new stake in BankUnited during the 1st quarter worth approximately $28,000. Brooklyn Investment Group increased its stake in BankUnited by 14,050.0% during 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 period. Salomon & Ludwin LLC purchased a new stake in BankUnited during the 3rd quarter worth approximately $34,000. Bayforest Capital Ltd increased its stake in BankUnited by 32.3% during the 2nd 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 during the period. Finally, EverSource Wealth Advisors LLC increased its stake in BankUnited by 141.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider's stock worth $54,000 after buying an additional 898 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

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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