BankUnited, Inc. (NYSE:BKU) Receives $37.40 Consensus PT from Brokerages

Shares of BankUnited, Inc. (NYSE:BKU) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $37.40.

A number of research analysts have recently commented on the stock. Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $48.00 in a research report on Wednesday. Citigroup decreased their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their target price on BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Barclays increased their price target on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Finally, Wedbush lifted their price objective on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th.

BankUnited Trading Up 0.1 %

NYSE:BKU opened at $40.71 on Thursday. The business’s 50-day moving average is $36.51 and its two-hundred day moving average is $33.65. The firm has a market capitalization of $3.04 billion, a PE ratio of 16.68 and a beta of 1.33. BankUnited has a 12 month low of $24.34 and a 12 month high of $41.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88.

BankUnited (NYSE:BKU) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period last year, the business posted $0.63 EPS. Research analysts predict that BankUnited will post 2.85 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.85%. BankUnited’s dividend payout ratio (DPR) is 47.54%.

Insider Transactions at BankUnited

In other news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in BankUnited by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock worth $62,674,000 after buying an additional 20,218 shares during the period. Barclays PLC grew its position in shares of BankUnited by 48.3% during the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider’s stock worth $6,677,000 after acquiring an additional 59,644 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of BankUnited by 8.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,966 shares of the financial services provider’s stock worth $2,732,000 after acquiring an additional 6,087 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in BankUnited in the 3rd quarter valued at about $1,261,000. Finally, MML Investors Services LLC acquired a new position in BankUnited during the 3rd quarter valued at about $347,000. 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.