BankUnited (NYSE:BKU) Price Target Cut to $49.00 by Analysts at Keefe, Bruyette & Woods

BankUnited (NYSE:BKU) had its price objective decreased by analysts at Keefe, Bruyette & Woods from $51.00 to $49.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 4.40% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays lowered their target price on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $56.00 price target on shares of BankUnited in a research report on Wednesday, July 15th. Royal Bank Of Canada cut their price target on shares of BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 23rd. Finally, Raymond James Financial reissued an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.73.

BankUnited Trading Up 0.6%

BKU traded up $0.28 during trading on Monday, hitting $46.94. The company’s stock had a trading volume of 99,475 shares, compared to its average volume of 916,764. BankUnited has a twelve month low of $34.91 and a twelve month high of $52.11. The stock has a market cap of $3.41 billion, a PE ratio of 12.89 and a beta of 1.18. The firm’s 50 day moving average price is $47.71 and its 200-day moving average price is $47.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The business had revenue of $284.57 million during the quarter, compared to analysts’ expectations of $290.33 million. During the same period in the prior year, the firm earned $0.91 EPS. BankUnited’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts expect that BankUnited will post 4.09 earnings per share for the current year.

Insider Transactions at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director directly owned 15,027 shares of the company’s stock, valued at approximately $690,791.19. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the transaction, the insider owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in BankUnited by 47.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,990 shares of the financial services provider’s stock worth $12,354,000 after buying an additional 81,741 shares in the last quarter. GAMMA Investing LLC boosted its holdings in BankUnited by 8.0% in the second quarter. GAMMA Investing LLC now owns 6,620 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 491 shares during the last quarter. Bank of America Corp DE boosted its holdings in BankUnited by 9.0% in the first quarter. Bank of America Corp DE now owns 819,548 shares of the financial services provider’s stock valued at $37,011,000 after purchasing an additional 67,981 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in BankUnited during the 1st quarter valued at approximately $6,797,000. Finally, Amundi increased its holdings in BankUnited by 31.4% during the 1st quarter. Amundi now owns 15,300 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 3,660 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

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.