BankUnited (NYSE:BKU) Stock Gets Price Target Trim from Cantor Fitzgerald

BankUnited (NYSE:BKU) had its price target cut by analysts at Cantor Fitzgerald from $54.00 to $52.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 24.66% from the stock’s previous close.

Several other equities analysts have also commented on the company. Barclays lowered their target price on BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Keefe, Bruyette & Woods cut their price target on BankUnited from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Monday, August 3rd. Royal Bank Of Canada reduced their price objective on BankUnited from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Friday. Hovde Group lowered their price objective on BankUnited from $53.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday, September 14th. Finally, Citigroup restated a “sell” rating on shares of BankUnited in a research note on Tuesday, September 22nd. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, BankUnited presently has a consensus rating of “Hold” and an average target price of $49.45.

BankUnited Price Performance

Shares of NYSE:BKU opened at $41.71 on Wednesday. The company has a market cap of $2.97 billion, a PE ratio of 11.43 and a beta of 1.20. BankUnited has a fifty-two week low of $35.10 and a fifty-two week high of $52.11. The firm has a 50-day simple moving average of $45.06 and a 200 day simple moving average of $46.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). BankUnited had a return on equity of 9.13% and a net margin of 14.76%. The business had revenue of $284.57 million during the quarter, compared to the consensus estimate of $290.33 million. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that BankUnited will post 3.99 EPS for the current year.

Insider Buying and Selling

In other BankUnited news, Director Douglas Pauls sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total value of $143,700.00. Following the sale, the director owned 42,472 shares in the company, valued at approximately $2,034,408.80. This trade represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Several hedge funds and other institutional investors have recently made changes to their positions in BKU. Allworth Financial LP acquired a new position in BankUnited during the 2nd quarter valued at about $26,000. Farther Finance Advisors LLC raised its position in shares of BankUnited by 62.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 690 shares of the financial services provider’s stock worth $29,000 after buying an additional 266 shares in the last quarter. IFP Advisors Inc raised its position in shares of BankUnited by 85.4% during the 2nd quarter. IFP Advisors Inc now owns 938 shares of the financial services provider’s stock worth $45,000 after buying an additional 432 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of BankUnited in the 2nd quarter worth approximately $49,000. Finally, Nykredit A S acquired a new stake in shares of BankUnited in the 2nd quarter worth approximately $59,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Company Profile

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a regional financial institution headquartered in Miami Lakes, Florida. The bank serves businesses, professionals, institutions and individual consumers through a range of commercial and personal banking products.

BankUnited’s offerings include commercial and industrial lending, commercial real estate financing, residential mortgage warehouse lending, consumer loans, checking and savings accounts, certificates of deposit, and treasury management services.