BankUnited (NYSE:BKU) PT Raised to $40.00 at Wedbush

BankUnited (NYSE:BKU) had its price target lifted by stock analysts at Wedbush from $39.00 to $40.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Wedbush’s price objective points to a potential upside of 10.47% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of BankUnited from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Hovde Group lifted their price objective on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Royal Bank of Canada boosted their target price on shares of BankUnited from $29.00 to $31.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Citigroup decreased their target price on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, BankUnited has a consensus rating of “Hold” and an average target price of $35.10.

BankUnited Trading Down 0.5 %

Shares of BKU stock traded down $0.18 during trading hours on Tuesday, hitting $36.21. 253,129 shares of the company’s stock traded hands, compared to its average volume of 807,252. BankUnited has a 12 month low of $20.84 and a 12 month high of $39.51. The stock’s 50 day simple moving average is $36.60 and its 200 day simple moving average is $31.02. The stock has a market cap of $2.71 billion, a PE ratio of 15.60 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The firm had revenue of $250.20 million during the quarter, compared to the consensus estimate of $243.65 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that BankUnited will post 2.88 EPS for the current year.

Insiders Place Their Bets

In other BankUnited news, insider Jay D. Richards sold 10,143 shares of BankUnited stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $36.61, for a total value of $371,335.23. Following the completion of the transaction, the insider now directly owns 37,187 shares of the company’s stock, valued at approximately $1,361,416.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total value of $303,314.48. Following the sale, the director now owns 10,282 shares of the company’s stock, valued at $396,576.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay D. Richards sold 10,143 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $36.61, for a total value of $371,335.23. Following the sale, the insider now directly owns 37,187 shares in the company, valued at approximately $1,361,416.07. The disclosure for this sale can be found here. Insiders sold 21,507 shares of company stock valued at $802,400 in the last three months. 1.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BankUnited

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its stake in BankUnited by 49.2% during the 2nd quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock valued at $65,778,000 after acquiring an additional 740,896 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of BankUnited by 3,901.0% during the second quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider’s stock valued at $16,803,000 after buying an additional 559,720 shares in the last quarter. Point72 Asset Management L.P. grew its stake in BankUnited by 741.7% in the second quarter. Point72 Asset Management L.P. now owns 397,271 shares of the financial services provider’s stock valued at $11,628,000 after purchasing an additional 350,071 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BankUnited by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after buying an additional 332,567 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of BankUnited by 3,658.4% in the second quarter. Federated Hermes Inc. now owns 325,812 shares of the financial services provider’s stock worth $9,537,000 after buying an additional 317,143 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

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.