BankUnited, Inc. (NYSE:BKU) Receives Average Rating of “Hold” from Analysts

BankUnited, Inc. (NYSE:BKU) has received a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.2727.

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company increased their price objective on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Cantor Fitzgerald increased their price objective on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group reissued a “sell” rating on shares of BankUnited in a research report on Monday, February 2nd. Finally, Hovde Group reduced their price target on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd.

Insiders Place Their Bets

In related news, insider Kevin A. Malcolm sold 3,447 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total value of $162,388.17. Following the completion of the sale, the insider directly owned 11,500 shares of the company’s stock, valued at $541,765. The trade was a 23.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BankUnited

A number of institutional investors and hedge funds have recently bought and sold shares of BKU. Royal Bank of Canada lifted its position in BankUnited by 15.3% in the first quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock valued at $623,000 after acquiring an additional 2,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BankUnited by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 1,934 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of BankUnited in the first quarter valued at about $9,100,000. Strs Ohio purchased a new stake in shares of BankUnited in the first quarter valued at about $28,000. Finally, Invesco Ltd. raised its holdings in shares of BankUnited by 1.2% in the second quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock valued at $20,318,000 after buying an additional 6,815 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Trading Up 0.1%

BKU opened at $46.27 on Monday. BankUnited has a one year low of $33.06 and a one year high of $52.11. The company has a market cap of $3.36 billion, a P/E ratio of 12.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50-day simple moving average is $45.78 and its 200-day simple moving average is $45.60.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The business had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, equities research analysts expect that BankUnited will post 4.16 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. This is a boost from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, April 10th. BankUnited’s dividend payout ratio is presently 36.77%.

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.