Royal Bank of Canada reiterated their buy rating on shares of BankUnited (NYSE:BKU) in a research report released on Thursday, AnalystRatings.com reports. Royal Bank of Canada currently has a $25.00 price target on the financial services provider’s stock.
A number of other analysts also recently issued reports on the company. Bank of America upgraded BankUnited from a neutral rating to a buy rating and lifted their price target for the company from $24.00 to $30.00 in a research report on Monday, June 8th. Piper Sandler upgraded shares of BankUnited from a neutral rating to an overweight rating and lifted their target price for the company from $22.00 to $27.00 in a research report on Thursday. Wedbush boosted their price target on shares of BankUnited from $19.00 to $21.00 and gave the stock a neutral rating in a research note on Thursday. ValuEngine upgraded shares of BankUnited from a sell rating to a hold rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley lifted their price objective on shares of BankUnited from $25.00 to $27.00 and gave the stock an equal weight rating in a report on Monday, June 8th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $28.83.
NYSE BKU opened at $20.14 on Thursday. The company’s 50 day simple moving average is $19.10 and its two-hundred day simple moving average is $23.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.93 and a quick ratio of 0.93. BankUnited has a 1 year low of $13.47 and a 1 year high of $37.60. The stock has a market capitalization of $1.86 billion, a PE ratio of 9.37, a P/E/G ratio of 7.58 and a beta of 1.31.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.59. The firm had revenue of $228.69 million for the quarter, compared to analysts’ expectations of $217.68 million. BankUnited had a net margin of 15.86% and a return on equity of 7.54%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, research analysts anticipate that BankUnited will post 1.12 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Tuesday, July 14th. BankUnited’s dividend payout ratio (DPR) is presently 29.39%.
A number of institutional investors and hedge funds have recently bought and sold shares of BKU. PNC Financial Services Group Inc. boosted its stake in shares of BankUnited by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,969 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 743 shares during the period. First Mercantile Trust Co. boosted its position in BankUnited by 11.9% during the 1st quarter. First Mercantile Trust Co. now owns 8,688 shares of the financial services provider’s stock valued at $162,000 after buying an additional 926 shares during the period. Caxton Associates LP grew its holdings in BankUnited by 8.5% in the 1st quarter. Caxton Associates LP now owns 12,336 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 965 shares during the last quarter. BBVA USA Bancshares Inc. increased its position in shares of BankUnited by 5.1% in the first quarter. BBVA USA Bancshares Inc. now owns 19,831 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 971 shares during the period. Finally, Procyon Private Wealth Partners LLC increased its position in shares of BankUnited by 93.5% in the first quarter. Procyon Private Wealth Partners LLC now owns 2,515 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,215 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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