BankUnited, Inc. (BKU) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Fourteen firms give BankUnited an average “Hold” rating, with a 12-month average price target of $48.91. Several firms recently cut their targets, including Citigroup, Piper Sandler, and Wells Fargo.
• BankUnited reported quarterly EPS of $1.03, in line with estimates, while revenue of $280.44 million fell short of the $292.50 million consensus.
• The company’s quarterly dividend of $0.33 per share equates to $1.32 annually and a 3.0% yield.

Shares of BankUnited, Inc. (NYSE:BKU - Get Free Report) have been given an average rating of "Hold" by the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $48.91.

Several research firms have recently weighed in on BKU. Citigroup lowered their price target on BankUnited from $42.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, October 22nd. Piper Sandler cut their price target on BankUnited from $47.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, October 28th. Wall Street Zen upgraded shares of BankUnited from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Keefe, Bruyette & Woods lowered their target price on BankUnited from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Monday, August 3rd. Finally, Wells Fargo & Company downgraded BankUnited from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $54.00 to $47.00 in a research report on Tuesday, September 29th.

Insider Buying and Selling at BankUnited

In other news, Director Douglas Pauls sold 3,000 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $47.90, for a total value of $143,700.00. Following the transaction, the director directly owned 42,472 shares in the company, valued at $2,034,408.80. The trade was a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On BankUnited

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in shares of BankUnited by 62.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 690 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 266 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its position in BankUnited by 0.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 57,087 shares of the financial services provider's stock worth $2,409,000 after purchasing an additional 269 shares during the period. State of Wyoming boosted its stake in shares of BankUnited by 18.3% during the third quarter. State of Wyoming now owns 1,953 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC boosted its position in BankUnited by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,996 shares of the financial services provider's stock valued at $295,000 after buying an additional 376 shares during the period. Finally, Fifth Third Bancorp grew its stake in BankUnited by 1.4% in the 3rd quarter. Fifth Third Bancorp now owns 27,443 shares of the financial services provider's stock worth $1,158,000 after acquiring an additional 385 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Trading Up 0.0%

Shares of NYSE:BKU opened at $44.04 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.83 and a quick ratio of 0.83. BankUnited has a 1 year low of $38.01 and a 1 year high of $52.11. The company has a market cap of $3.14 billion, a P/E ratio of 11.87 and a beta of 1.25. The stock's fifty day moving average price is $43.66 and its 200-day moving average price is $46.25.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.03. The firm had revenue of $280.44 million for the quarter, compared to the consensus estimate of $292.50 million. BankUnited had a net margin of 15.01% and a return on equity of 9.36%. During the same quarter last year, the firm posted $0.95 EPS. Sell-side analysts expect that BankUnited will post 3.90 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 9th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, October 9th. BankUnited's dividend payout ratio (DPR) is presently 35.58%.

About BankUnited

BankUnited, Inc is the bank holding company for BankUnited, N.A., a commercial bank headquartered in Miami Lakes, Florida. It serves businesses, individuals and institutions through banking offices and digital channels.

The bank provides commercial and consumer deposit accounts, lending and cash-management services. Its commercial offerings include business loans and specialized financing, while its consumer services include personal banking and residential mortgage lending.

BankUnited began operations in 2009 after acquiring the assets and deposits of the former BankUnited, FSB.

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