JPMorgan Chase & Co. Lowers BankUnited (NYSE:BKU) Price Target to $33.00

BankUnited (NYSE:BKU - Get Free Report) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $35.00 to $33.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 21.91% from the stock's current price.

Other research analysts have also issued reports about the company. The Goldman Sachs Group upped their target price on BankUnited from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday, December 18th. StockNews.com lowered BankUnited from a "hold" rating to a "sell" rating in a research note on Friday, February 16th. Wells Fargo & Company increased their price objective on BankUnited from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Citigroup dropped their price objective on BankUnited from $34.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, January 29th. Finally, UBS Group lowered BankUnited from a "neutral" rating to a "sell" rating and set a $29.00 price objective for the company. in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, BankUnited presently has a consensus rating of "Hold" and an average price target of $30.89.

BankUnited Stock Performance

Shares of BKU traded up $0.06 during mid-day trading on Thursday, hitting $27.07. The company's stock had a trading volume of 1,386,868 shares, compared to its average volume of 912,084. BankUnited has a one year low of $15.83 and a one year high of $34.22. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $2.01 billion, a PE ratio of 11.37 and a beta of 1.36. The stock's 50-day moving average is $27.16 and its two-hundred day moving average is $26.75.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Friday, January 26th. The financial services provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.42). The firm had revenue of $500.30 million during the quarter, compared to analyst estimates of $244.11 million. BankUnited had a net margin of 9.19% and a return on equity of 8.38%. During the same quarter in the previous year, the company posted $0.82 earnings per share. As a group, sell-side analysts anticipate that BankUnited will post 2.72 EPS for the current year.

Insider Transactions at BankUnited

In related news, insider Kevin A. Malcolm sold 2,285 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total value of $62,106.30. Following the transaction, the insider now owns 11,750 shares in the company, valued at $319,365. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.09% of the company's stock.

Hedge Funds Weigh In On BankUnited

Several hedge funds have recently added to or reduced their stakes in BKU. Advisor Group Holdings Inc. boosted its holdings in BankUnited by 83.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the financial services provider's stock worth $99,000 after buying an additional 1,327 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of BankUnited by 106.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider's stock worth $126,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC acquired a new position in shares of BankUnited during the 4th quarter worth about $147,000. US Bancorp DE grew its position in shares of BankUnited by 347.0% during the 1st quarter. US Bancorp DE now owns 3,558 shares of the financial services provider's stock worth $157,000 after buying an additional 2,762 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of BankUnited during the 2nd quarter worth about $200,000. Institutional investors own 99.70% of the company's stock.

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.