BankUnited (NYSE:BKU) Price Target Raised to $38.00 at Wells Fargo & Company

BankUnited (NYSE:BKU) had its price target lifted by equities research analysts at Wells Fargo & Company from $35.00 to $38.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 8.08% from the stock’s previous close.

A number of other analysts have also recently weighed in on BKU. Royal Bank of Canada boosted their price objective on shares of BankUnited from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised 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. Barclays upped their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup reduced their price target on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Finally, Wedbush boosted their price target on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.80.

BankUnited Stock Down 3.5 %

BKU stock traded down $1.28 during trading on Tuesday, reaching $35.16. The stock had a trading volume of 677,073 shares, compared to its average volume of 804,722. The company has a market capitalization of $2.63 billion, a P/E ratio of 15.18 and a beta of 1.33. BankUnited has a 1-year low of $20.84 and a 1-year high of $39.51. The firm has a fifty day moving average price of $36.60 and a 200 day moving average price of $31.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.22.

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

Insider Activity

In other BankUnited news, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total transaction of $127,750.00. Following the completion of the transaction, the director now owns 43,654 shares in the company, valued at approximately $1,593,371. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jay D. Richards sold 10,143 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 37,187 shares of the company’s stock, valued at approximately $1,361,416.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $36.50, for a total transaction of $127,750.00. Following the completion of the sale, the director now owns 43,654 shares of the company’s stock, valued at $1,593,371. The disclosure for this sale can be found here. Insiders sold a total of 21,507 shares of company stock worth $802,400 over the last 90 days. Corporate insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On BankUnited

Several institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd increased its stake in BankUnited by 0.9% during the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 303 shares in the last quarter. Arizona State Retirement System grew its position in shares of BankUnited by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 379 shares during the period. Natixis Advisors LLC boosted its position in BankUnited by 1.0% during the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 497 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in BankUnited by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 800 shares during the period. Finally, Inspire Investing LLC increased its position in shares of BankUnited by 6.8% in the first quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock valued at $354,000 after buying an additional 807 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

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.