Wells Fargo & Company Increases BankUnited (NYSE:BKU) Price Target to $45.00

BankUnited (NYSE:BKU - Get Free Report) had its price objective increased by investment analysts at Wells Fargo & Company from $42.00 to $45.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's target price suggests a potential upside of 17.77% from the stock's current price.

Several other equities analysts have also recently issued reports on BKU. Royal Bank Of Canada lowered their price objective on BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. The Goldman Sachs Group lowered their price objective on BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods lowered their price objective on BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Jefferies Financial Group initiated coverage on BankUnited in a report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target on the stock. Finally, Hovde Group raised their target price on BankUnited from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $41.55.

BankUnited Stock Down 0.7%

Shares of BankUnited stock traded down $0.25 during midday trading on Thursday, hitting $38.21. The company had a trading volume of 516,341 shares, compared to its average volume of 839,158. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $2.87 billion, a P/E ratio of 11.21 and a beta of 1.29. The company has a 50 day moving average of $35.77 and a 200 day moving average of $35.75. BankUnited has a 52-week low of $28.21 and a 52-week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.12. The company had revenue of $273.93 million for the quarter, compared to the consensus estimate of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%. During the same quarter in the prior year, the business posted $0.72 EPS. On average, equities analysts predict that BankUnited will post 3.13 earnings per share for the current fiscal year.

Insider Activity

In other BankUnited news, CFO Leslie Lunak sold 22,776 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $33.56, for a total value of $764,362.56. Following the completion of the sale, the chief financial officer owned 59,899 shares of the company's stock, valued at $2,010,210.44. This trade represents a 27.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the sale, the director directly owned 14,516 shares of the company's stock, valued at $499,785.88. This represents a 6.44% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Institutional Trading of BankUnited

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH increased its holdings in BankUnited by 73.8% during the second quarter. Allianz Asset Management GmbH now owns 363,803 shares of the financial services provider's stock valued at $12,948,000 after buying an additional 154,460 shares during the period. New York State Teachers Retirement System increased its holdings in BankUnited by 5.7% during the second quarter. New York State Teachers Retirement System now owns 33,406 shares of the financial services provider's stock valued at $1,189,000 after buying an additional 1,792 shares during the period. Bayforest Capital Ltd increased its holdings in BankUnited by 32.3% during the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider's stock valued at $40,000 after buying an additional 271 shares during the period. Yousif Capital Management LLC increased its holdings in BankUnited by 1.2% during the second quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider's stock valued at $994,000 after buying an additional 337 shares during the period. Finally, CWM LLC increased its holdings in BankUnited by 24.3% during the second quarter. CWM LLC now owns 9,278 shares of the financial services provider's stock valued at $330,000 after buying an additional 1,814 shares during the period. Institutional investors own 99.70% of the company's stock.

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.