BankUnited, Inc. (NYSE:BKU) Receives $35.80 Average PT from Analysts

BankUnited, Inc. (NYSE:BKU) has received an average rating of “Reduce” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $36.40.

A number of analysts recently issued reports on the stock. Wedbush increased their target price on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a report on Wednesday. Citigroup lowered their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Hovde Group boosted their price target on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company increased their price target on BankUnited from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st.

BankUnited Stock Down 2.3 %

BKU opened at $34.59 on Friday. The firm has a 50 day moving average price of $36.41 and a 200 day moving average price of $32.44. The company has a market cap of $2.59 billion, a PE ratio of 14.91 and a beta of 1.33. BankUnited has a 1 year low of $21.13 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.87 and a current ratio of 0.87.

BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $515.24 million during the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. During the same quarter in the prior year, the company earned $0.63 EPS. Sell-side analysts expect that BankUnited will post 2.86 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s payout ratio is currently 50.00%.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total transaction of $303,314.48. Following the sale, the director now owns 10,282 shares in the company, valued at $396,576.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.19% of the stock is currently owned by insiders.

Institutional Trading of BankUnited

Institutional investors and hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd raised its position in shares of BankUnited by 0.9% during the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 303 shares during the period. Arizona State Retirement System raised its position in shares of BankUnited by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 379 shares during the period. Natixis Advisors LLC raised its position in shares of BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 497 shares during the period. GAMMA Investing LLC raised its position in shares of BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of BankUnited by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

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.