BankUnited (NYSE:BKU) Price Target Lowered to $40.00 at Royal Bank of Canada

BankUnited (NYSE:BKU - Get Free Report) had its price objective lowered by research analysts at Royal Bank of Canada from $42.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "sector perform" rating on the financial services provider's stock. Royal Bank of Canada's price objective would suggest a potential upside of 18.85% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Barclays cut their price target on BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company reduced their price objective on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Hovde Group cut their price target on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, BankUnited currently has an average rating of "Hold" and a consensus price target of $40.55.

BankUnited Trading Up 1.3 %

Shares of BKU traded up $0.44 during trading hours on Tuesday, reaching $33.66. 32,143 shares of the company traded hands, compared to its average volume of 784,946. The stock's fifty day moving average price is $33.23 and its 200 day moving average price is $37.23. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 10.92 and a beta of 1.20. BankUnited has a 12-month low of $26.78 and a 12-month high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $255.41 million during the quarter, compared to analysts' expectations of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the company earned $0.64 EPS. Sell-side analysts forecast that BankUnited will post 3.13 earnings per share for the current year.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director Sanjiv Sobti acquired 1,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $32.83 per share, with a total value of $32,830.00. Following the acquisition, the director now directly owns 21,782 shares of the company's stock, valued at approximately $715,103.06. The trade was a 4.81 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares of the company's stock, valued at approximately $430,955. This trade represents a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BankUnited

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKU. Blue Trust Inc. lifted its stake in shares of BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 547 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 410 shares in the last quarter. Versant Capital Management Inc grew its holdings 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BankUnited in the fourth quarter valued at about $73,000. Finally, Smartleaf Asset Management LLC raised its position in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after buying an additional 1,407 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

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.