BankUnited (NYSE:BKU - Get Free Report) had its target price dropped by Royal Bank of Canada from $33.00 to $29.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. Royal Bank of Canada's price target suggests a potential upside of 5.49% from the company's current price.
Other research analysts have also issued research reports about the stock. Wells Fargo & Company raised their target price on shares of BankUnited from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of BankUnited from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, April 4th. UBS Group lowered shares of BankUnited from a "neutral" rating to a "sell" rating and set a $29.00 target price on the stock. in a research note on Monday, January 8th. The Goldman Sachs Group raised their target price on shares of BankUnited from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday, December 18th. Finally, Citigroup reduced their price objective on shares of BankUnited from $34.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, January 29th. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.44.
Get Our Latest Stock Report on BankUnited
BankUnited Price Performance
BKU traded up $0.09 during midday trading on Tuesday, hitting $27.49. The company had a trading volume of 516,293 shares, compared to its average volume of 892,378. 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 company has a market capitalization of $2.06 billion, a PE ratio of 11.55 and a beta of 1.36. BankUnited has a twelve month low of $15.83 and a twelve month high of $34.22. The firm's 50-day simple moving average is $26.98 and its 200-day simple moving average is $26.86.
BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.42). The company 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 business posted $0.82 EPS. Equities research analysts predict that BankUnited will post 2.72 EPS for the current fiscal year.
Insider Buying and Selling at BankUnited
In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of BankUnited stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 of the company's stock, valued at $319,365. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.09% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB raised its holdings in shares of BankUnited by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider's stock valued at $4,042,000 after purchasing an additional 24,498 shares during the last quarter. FMR LLC raised its holdings in shares of BankUnited by 23.2% in the third quarter. FMR LLC now owns 1,539,176 shares of the financial services provider's stock valued at $34,939,000 after purchasing an additional 290,232 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of BankUnited by 84.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 262,741 shares of the financial services provider's stock valued at $5,964,000 after purchasing an additional 120,441 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of BankUnited by 129.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 70,116 shares of the financial services provider's stock valued at $1,592,000 after purchasing an additional 39,507 shares during the last quarter. Finally, Graham Capital Management L.P. increased its holdings in BankUnited by 272.2% during the third quarter. Graham Capital Management L.P. now owns 132,681 shares of the financial services provider's stock worth $3,012,000 after buying an additional 97,034 shares during the last quarter. Institutional investors own 99.70% of the company's stock.
BankUnited Company Profile
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Get Free Report)
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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