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

Shares of BankUnited, Inc. (NYSE:BKUGet Rating) have received a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $44.38.

BKU has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of BankUnited in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Compass Point lowered their target price on shares of BankUnited to $40.00 in a research note on Thursday, October 20th.

BankUnited Trading Up 0.1 %

Shares of BKU opened at $36.47 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.13. BankUnited has a 12-month low of $33.54 and a 12-month high of $46.75. The firm has a 50-day moving average price of $35.92 and a 200 day moving average price of $37.28. The firm has a market capitalization of $2.82 billion, a P/E ratio of 8.81 and a beta of 1.21.

BankUnited (NYSE:BKUGet Rating) last announced its quarterly earnings data on Thursday, October 20th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. BankUnited had a net margin of 29.75% and a return on equity of 12.71%. During the same period last year, the company earned $0.94 earnings per share. Sell-side analysts forecast that BankUnited will post 3.75 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Thursday, October 13th. BankUnited’s payout ratio is 24.15%.

Insider Activity

In other news, Director A. Gail Prudenti sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $37.26, for a total value of $167,670.00. Following the completion of the transaction, the director now owns 9,729 shares of the company’s stock, valued at $362,502.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BKU. Leeward Investments LLC MA purchased a new position in shares of BankUnited in the first quarter valued at approximately $31,987,000. Hsbc Holdings PLC boosted its stake in shares of BankUnited by 175.2% in the first quarter. Hsbc Holdings PLC now owns 540,367 shares of the financial services provider’s stock valued at $23,814,000 after purchasing an additional 343,997 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of BankUnited by 86.7% in the first quarter. Goldman Sachs Group Inc. now owns 733,437 shares of the financial services provider’s stock valued at $32,242,000 after purchasing an additional 340,604 shares during the period. American Century Companies Inc. raised its holdings in BankUnited by 11.2% in the first quarter. American Century Companies Inc. now owns 2,951,372 shares of the financial services provider’s stock valued at $129,742,000 after acquiring an additional 297,652 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in BankUnited by 147.4% in the first quarter. Russell Investments Group Ltd. now owns 493,441 shares of the financial services provider’s stock valued at $21,689,000 after acquiring an additional 293,955 shares in the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.

BankUnited Company Profile

(Get Rating)

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.

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Analyst Recommendations for BankUnited (NYSE:BKU)

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