BankUnited (NYSE:BKU) Given New $41.00 Price Target at Barclays

BankUnited (NYSE:BKU - Free Report) had its price objective lifted by Barclays from $38.00 to $41.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the financial services provider's stock.

Several other analysts have also weighed in on BKU. Jefferies Financial Group started coverage on shares of BankUnited in a research report on Wednesday, May 21st. They set a "hold" rating and a $39.00 target price on the stock. Keefe, Bruyette & Woods reduced their price target on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reduced their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Royal Bank Of Canada reduced their price target on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Finally, Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $40.58.

BankUnited Price Performance

Shares of BankUnited stock traded down $0.13 during trading on Tuesday, hitting $37.36. 371,188 shares of the company's stock traded hands, compared to its average volume of 809,144. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. The firm's fifty day moving average price is $35.07 and its 200 day moving average price is $35.82. BankUnited has a twelve month low of $28.21 and a twelve month high of $44.45. The company has a market cap of $2.81 billion, a PE ratio of 11.62 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. BankUnited had a net margin of 12.26% and a return on equity of 8.66%. The business had revenue of $255.41 million for the quarter, compared to analyst estimates of $264.35 million. During the same period in the previous year, the business earned $0.64 EPS. Analysts forecast that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, July 11th. BankUnited's dividend payout ratio is presently 38.51%.

Insider Transactions at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 14,516 shares of the company's stock, valued at $499,785.88. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the sale, the chief financial officer directly owned 59,899 shares of the company's stock, valued at approximately $2,010,210.44. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

Institutional Investors Weigh In On BankUnited

A number of institutional investors and hedge funds have recently modified their holdings of BKU. Strs Ohio bought a new stake in shares of BankUnited during the first quarter worth approximately $28,000. Brooklyn Investment Group raised its stake in shares of BankUnited by 14,050.0% during the first 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. raised its stake in shares of BankUnited by 42.3% during the fourth 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 raised its stake in shares of BankUnited by 165.5% during the first 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 stake in BankUnited in the fourth quarter valued at approximately $73,000. 99.70% of the stock is owned by 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.