BankUnited (NYSE:BKU) PT Lowered to $31.00

BankUnited (NYSE:BKU - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $33.00 to $31.00 in a research note published on Thursday morning, Benzinga reports. They currently have a market perform rating on the financial services provider's stock.

A number of other brokerages also recently commented on BKU. Wells Fargo & Company upped 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. Wedbush lowered their price objective on BankUnited from $34.00 to $31.00 and set a neutral rating for the company in a research note on Monday, January 29th. UBS Group cut BankUnited from a neutral rating to a sell rating and set a $29.00 price target for the company. in a research note on Monday, January 8th. JPMorgan Chase & Co. decreased their price target on BankUnited from $35.00 to $33.00 and set a neutral rating for the company in a research note on Thursday, April 4th. Finally, Royal Bank of Canada decreased their price target on BankUnited from $33.00 to $29.00 and set a sector perform rating for the company in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $30.50.

BankUnited Stock Up 2.8 %

Shares of BKU traded up $0.70 during trading on Thursday, reaching $25.89. The company's stock had a trading volume of 1,228,470 shares, compared to its average volume of 902,028. The company has a fifty day moving average of $26.79 and a two-hundred day moving average of $26.96. BankUnited has a twelve month low of $15.83 and a twelve month high of $34.22. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.88 and a beta of 1.36. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.98.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. BankUnited had a return on equity of 8.38% and a net margin of 9.19%. The company had revenue of $508.35 million for the quarter, compared to analyst estimates of $239.84 million. During the same period in the prior year, the company posted $0.70 EPS. On average, sell-side analysts predict that BankUnited will post 2.65 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.48%. This is an increase from BankUnited's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, April 11th. BankUnited's dividend payout ratio is currently 48.74%.

Insider Activity

In other news, insider Kevin A. Malcolm sold 2,285 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total transaction of $62,106.30. Following the completion of the sale, the insider now directly owns 11,750 shares of the company's stock, valued at $319,365. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in BankUnited by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 48,210 shares of the financial services provider's stock worth $1,039,000 after purchasing an additional 512 shares during the last quarter. PNC Financial Services Group Inc. increased its position in BankUnited by 2.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,775 shares of the financial services provider's stock worth $826,000 after purchasing an additional 533 shares during the last quarter. Captrust Financial Advisors increased its position in BankUnited by 13.9% in the 3rd quarter. Captrust Financial Advisors now owns 6,355 shares of the financial services provider's stock worth $217,000 after purchasing an additional 775 shares during the last quarter. Engineers Gate Manager LP increased its position in BankUnited by 9.5% in the 4th quarter. Engineers Gate Manager LP now owns 11,891 shares of the financial services provider's stock worth $404,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Natixis Advisors L.P. increased its position in BankUnited by 2.8% in the 3rd quarter. Natixis Advisors L.P. now owns 40,891 shares of the financial services provider's stock worth $928,000 after purchasing an additional 1,125 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

About BankUnited

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.