BankUnited (NYSE:BKU) had its price objective hoisted by Wedbush from $19.00 to $21.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other research firms have also weighed in on BKU. Morgan Stanley boosted their price objective on BankUnited from $25.00 to $27.00 and gave the stock an equal weight rating in a research note on Monday, June 8th. Piper Sandler raised shares of BankUnited from a neutral rating to an overweight rating and upped their price objective for the company from $22.00 to $27.00 in a report on Thursday. Wells Fargo & Co cut their price objective on shares of BankUnited from $30.00 to $28.00 and set an overweight rating for the company in a research report on Thursday, April 30th. UBS Group upgraded shares of BankUnited from a neutral rating to a buy rating and boosted their target price for the company from $16.00 to $22.00 in a report on Monday, June 29th. Finally, ValuEngine upgraded shares of BankUnited from a sell rating to a hold rating in a report on Thursday, July 2nd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $28.83.
NYSE:BKU opened at $20.14 on Thursday. The company has a market cap of $1.86 billion, a P/E ratio of 9.37, a P/E/G ratio of 7.58 and a beta of 1.31. BankUnited has a twelve month low of $13.47 and a twelve month high of $37.60. The company’s 50-day moving average price is $19.10 and its 200-day moving average price is $23.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.04.
BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.59. The business had revenue of $228.69 million for the quarter, compared to analyst estimates of $217.68 million. BankUnited had a net margin of 15.86% and a return on equity of 7.54%. During the same period last year, the company posted $0.81 EPS. On average, analysts expect that BankUnited will post 1.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.23 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.92 annualized dividend and a yield of 4.57%. BankUnited’s dividend payout ratio (DPR) is presently 29.39%.
Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new position in shares of BankUnited during the first quarter worth $37,000. CWM Advisors LLC acquired a new position in BankUnited during the 1st quarter worth about $41,000. Procyon Private Wealth Partners LLC lifted its stake in BankUnited by 93.5% during the 1st quarter. Procyon Private Wealth Partners LLC now owns 2,515 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,215 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in BankUnited during the 1st quarter valued at about $47,000. Finally, Strs Ohio acquired a new position in BankUnited in the 2nd quarter valued at about $62,000. Institutional investors own 96.38% of the company’s stock.
BankUnited Company Profile
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.
Read More: Earnings Per Share
Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter.