BankUnited, Inc. (NYSE:BKU) Receives Consensus Rating of “Hold” from Brokerages

BankUnited, Inc. (NYSE:BKU) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $43.18.

BKU has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price target on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. StockNews.com cut BankUnited from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a research note on Tuesday, March 11th. Finally, Compass Point upped their price target on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

BankUnited Price Performance

BKU opened at $34.46 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. BankUnited has a 52-week low of $24.34 and a 52-week high of $44.45. The stock has a market capitalization of $2.58 billion, a PE ratio of 11.19 and a beta of 1.40. The stock’s 50 day moving average price is $38.26 and its 200-day moving average price is $38.12.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, equities research analysts predict that BankUnited will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s payout ratio is currently 37.66%.

Insider Activity

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now owns 12,250 shares of the company’s stock, valued at approximately $430,955. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sanjiv Sobti bought 1,000 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the acquisition, the director now owns 21,782 shares of the company’s stock, valued at $715,103.06. This trade represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after buying an additional 410 shares in the last quarter. GAMMA Investing LLC increased its position in BankUnited by 9.2% in the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock worth $193,000 after buying an additional 426 shares in the last quarter. Summit Investment Advisors Inc. increased its position in BankUnited by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock worth $298,000 after buying an additional 495 shares in the last quarter. Blue Trust Inc. increased its position in BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after buying an additional 547 shares in the last quarter. Finally, Atria Investments Inc increased its position in BankUnited by 7.2% in the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock worth $314,000 after buying an additional 555 shares in the last quarter. 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.