BankUnited (NYSE:BKU) Price Target Raised to $35.00 at Barclays

BankUnited (NYSE:BKU) had its price objective raised by Barclays from $30.00 to $35.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other brokerages have also recently commented on BKU. Keefe, Bruyette & Woods reduced their price objective on BankUnited from $33.00 to $31.00 and set a market perform rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their price objective on BankUnited from $33.00 to $34.50 and gave the company a neutral rating in a research note on Thursday, June 27th. Hovde Group raised their price objective on BankUnited from $33.00 to $41.00 and gave the company an outperform rating in a research note on Friday, July 19th. Royal Bank of Canada raised their price objective on BankUnited from $29.00 to $31.00 and gave the company a sector perform rating in a research note on Tuesday, July 9th. Finally, Wedbush raised their price objective on BankUnited from $30.00 to $39.00 and gave the company a neutral rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $34.27.

BankUnited Trading Up 1.8 %

Shares of BKU stock opened at $37.80 on Monday. The company has a market cap of $2.83 billion, a P/E ratio of 16.29 and a beta of 1.35. The stock has a 50 day simple moving average of $29.99 and a two-hundred day simple moving average of $28.45. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 0.87. BankUnited has a fifty-two week low of $20.84 and a fifty-two week high of $38.50.

BankUnited (NYSE:BKU) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $250.20 million during the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. Research analysts forecast that BankUnited will post 2.83 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 annualized dividend and a dividend yield of 3.07%. BankUnited’s payout ratio is 50.00%.

Insider Activity at BankUnited

In related news, Director John N. Digiacomo sold 1,500 shares of BankUnited stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total transaction of $43,920.00. Following the sale, the director now directly owns 13,482 shares in the company, valued at $394,752.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total transaction of $127,750.00. Following the sale, the director now directly owns 43,654 shares in the company, valued at $1,593,371. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John N. Digiacomo sold 1,500 shares of BankUnited stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total value of $43,920.00. Following the sale, the director now owns 13,482 shares in the company, valued at $394,752.96. The disclosure for this sale can be found here. Insiders have sold a total of 15,143 shares of company stock valued at $543,005 over the last 90 days. Insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

A number of hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its holdings in BankUnited by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 800 shares during the period. Inspire Investing LLC raised its stake in shares of BankUnited by 6.8% in the first quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock valued at $354,000 after buying an additional 807 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of BankUnited by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 65,090 shares of the financial services provider’s stock valued at $1,823,000 after buying an additional 896 shares during the period. Russell Investments Group Ltd. raised its stake in shares of BankUnited by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider’s stock valued at $3,160,000 after buying an additional 906 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of BankUnited by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 58,053 shares of the financial services provider’s stock valued at $1,699,000 after buying an additional 938 shares during the period. 99.70% of the stock is currently owned by institutional investors.

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.