BankUnited, Inc. (NYSE:BKU) Receives $43.40 Consensus Target Price from Brokerages

BankUnited, Inc. (NYSE:BKU) has earned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $43.40.

A number of equities research analysts recently weighed in on BKU shares. The Goldman Sachs Group lifted their price objective on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price objective on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on shares of BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Compass Point lifted their price objective on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 547 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after buying an additional 410 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BankUnited in the 4th quarter worth approximately $73,000. Smartleaf Asset Management LLC grew its position in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,407 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of BankUnited in the 4th quarter worth approximately $113,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Price Performance

BankUnited stock opened at $37.51 on Friday. The firm has a 50-day moving average price of $39.35 and a 200-day moving average price of $38.35. The firm has a market capitalization of $2.80 billion, a PE ratio of 12.18 and a beta of 1.37. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited has a 12-month low of $24.34 and a 12-month high of $44.45.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period last year, the firm posted $0.26 earnings per share. As a group, equities research analysts forecast that BankUnited will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Friday, January 10th. BankUnited’s dividend payout ratio (DPR) is 37.66%.

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.