BankUnited (NYSE:BKU) PT Raised to $34.50

BankUnited (NYSE:BKU) had its price objective lifted by JPMorgan Chase & Co. from $33.00 to $34.50 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.99% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. StockNews.com upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Barclays raised their target price on shares of BankUnited from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, BankUnited presently has a consensus rating of “Hold” and a consensus target price of $30.75.

BankUnited Price Performance

Shares of BankUnited stock traded up $0.11 on Thursday, hitting $28.05. The company had a trading volume of 14,940 shares, compared to its average volume of 808,141. The business has a 50-day simple moving average of $28.21 and a 200-day simple moving average of $28.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $2.10 billion, a PE ratio of 12.09 and a beta of 1.33. BankUnited has a 52 week low of $20.84 and a 52 week high of $34.22.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $508.35 million during the quarter, compared to analysts’ expectations of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same period last year, the firm posted $0.70 earnings per share. Research analysts expect that BankUnited will post 2.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the completion of the sale, the director now owns 13,482 shares in the company, valued at approximately $394,752.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EMC Capital Management bought a new position in shares of BankUnited during the 1st quarter valued at $278,000. Caxton Associates LP raised its holdings in shares of BankUnited by 202.7% during the 1st quarter. Caxton Associates LP now owns 60,570 shares of the financial services provider’s stock valued at $1,696,000 after purchasing an additional 40,557 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of BankUnited by 145.8% during the 1st quarter. Quadrature Capital Ltd now owns 48,984 shares of the financial services provider’s stock valued at $1,370,000 after purchasing an additional 29,058 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of BankUnited by 3.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 76,760 shares of the financial services provider’s stock valued at $2,147,000 after purchasing an additional 2,899 shares in the last quarter. Finally, Edgestream Partners L.P. raised its holdings in shares of BankUnited by 6.4% during the 1st quarter. Edgestream Partners L.P. now owns 44,560 shares of the financial services provider’s stock valued at $1,248,000 after purchasing an additional 2,688 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.