BankUnited (NYSE:BKU) Given New $50.00 Price Target at Citigroup

BankUnited (NYSE:BKU) had its target price decreased by Citigroup from $53.00 to $50.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 8.73% from the stock’s current price.

Several other research firms have also issued reports on BKU. Piper Sandler raised their price target on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price target on shares of BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Wall Street Zen lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Royal Bank Of Canada lifted their target price on shares of BankUnited from $48.00 to $53.00 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of BankUnited in a research report on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.27.

BankUnited Stock Performance

BKU traded down $0.82 during trading on Friday, hitting $45.99. The stock had a trading volume of 830,755 shares, compared to its average volume of 946,573. The firm has a market cap of $3.39 billion, a PE ratio of 12.82 and a beta of 1.26. BankUnited has a 12 month low of $31.34 and a 12 month high of $52.11. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $46.19 and a 200-day simple moving average of $44.48.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same quarter last year, the business earned $0.78 EPS. Analysts expect that BankUnited will post 4.2 EPS for the current year.

Insider Transactions at BankUnited

In other news, Director Sanjiv Sobti sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $50.88, for a total transaction of $254,400.00. Following the transaction, the director directly owned 18,816 shares in the company, valued at approximately $957,358.08. This represents a 20.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin A. Malcolm sold 3,447 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total transaction of $162,388.17. Following the sale, the insider directly owned 11,500 shares of the company’s stock, valued at approximately $541,765. This trade represents a 23.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 11,953 shares of company stock worth $591,492. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BankUnited

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. raised its stake in shares of BankUnited by 21.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock worth $66,000 after buying an additional 255 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of BankUnited by 23.5% during the third quarter. Smartleaf Asset Management LLC now owns 1,452 shares of the financial services provider’s stock worth $55,000 after buying an additional 276 shares during the last quarter. Covestor Ltd raised its stake in shares of BankUnited by 20.9% during the fourth quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock worth $75,000 after buying an additional 289 shares during the last quarter. Arizona State Retirement System increased its stake in BankUnited by 1.4% in the third quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 298 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in BankUnited by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 300 shares in the last quarter. 99.70% of the stock is owned by institutional investors.

Key BankUnited News

Here are the key news stories impacting BankUnited this week:

• Positive Sentiment: NII and fee income provided meaningful support to revenue and helped offset some pressure from loans and provisions. Zacks — Q1 Earnings Analysis
• Positive Sentiment: Earnings-call highlights and commentary emphasized solid underlying growth metrics though management struck a cautious tone on outlook — a mixed but not wholly negative read. Yahoo — Q1 Earnings Call Highlights
• Neutral Sentiment: Full transcripts and the investor presentation are now available for deeper review; these provide more color on reserve builds and expense drivers. Seeking Alpha — Q1 Presentation
• Neutral Sentiment: Analysts remain divided on the name, with some citing the franchise strength and others focused on credit/expense risks. Globe and Mail — Analysts Conflicted
• Neutral Sentiment: Brokerage consensus sits near “Hold,” reflecting mixed expectations for near-term earnings and loan growth recovery. American Banking News — Consensus Rating
• Negative Sentiment: Q1 EPS missed estimates ($0.83 reported vs. $0.97 consensus) and revenue also trailed; management raised provisions and expenses rose, signaling nearer-term pressure on profitability. Zacks — Q1 Miss & Expense/Provision Detail
• Negative Sentiment: Keefe, Bruyette & Woods trimmed its price target (from $55 to $50) and shifted to Market Perform, signaling more cautious medium-term expectations; that action contributed to downward pressure on the shares. Benzinga — Price-Target Move

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.