Wells Fargo & Company Forecasts Strong Price Appreciation for BankUnited (NYSE:BKU) Stock

BankUnited (NYSE:BKU - Get Free Report) had its price target increased by investment analysts at Wells Fargo & Company from $42.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's target price suggests a potential upside of 16.17% from the company's previous close.

Several other research analysts have also issued reports on the company. Royal Bank Of Canada reduced their target price 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. Keefe, Bruyette & Woods cut their target price on BankUnited from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Piper Sandler reiterated a "neutral" rating and issued a $43.00 target price (up from $41.00) on shares of BankUnited in a report on Thursday. Barclays lifted their target price on BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Jefferies Financial Group started coverage on BankUnited in a research report on Wednesday, May 21st. They issued a "hold" rating and a $39.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $41.18.

BankUnited Trading Down 2.1%

Shares of BankUnited stock traded down $0.81 on Thursday, reaching $38.74. The company had a trading volume of 178,228 shares, compared to its average volume of 835,908. The firm's 50-day moving average price is $35.68 and its two-hundred day moving average price is $35.79. BankUnited has a 1 year low of $28.21 and a 1 year high of $44.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 12.02 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.79 by $0.12. The firm had revenue of $273.93 million during the quarter, compared to analyst estimates of $267.17 million. BankUnited had a return on equity of 8.66% and a net margin of 12.26%. During the same period in the previous year, the company posted $0.72 EPS. As a group, research analysts predict that BankUnited will post 3.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BankUnited news, CFO Leslie Lunak sold 22,776 shares of the business'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 transaction, the chief financial officer directly owned 59,899 shares in the company, valued at $2,010,210.44. The trade was a 27.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 approximately $499,785.88. This trade represents a 6.44% decrease in their ownership of the stock. 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

Large investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in BankUnited in the first quarter valued at approximately $28,000. Brooklyn Investment Group increased its position in shares of BankUnited by 14,050.0% during the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider's stock worth $29,000 after acquiring an additional 843 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares during the last quarter. Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 1,175 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in BankUnited during the fourth quarter worth $73,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.