BankUnited, Inc. (NYSE:BKU) Receives $53.27 Consensus PT from Brokerages
by Tristan Rich · The Markets DailyBankUnited, Inc. (NYSE:BKU – Get Free Report) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $53.2727.
Several research firms have issued reports on BKU. Barclays dropped their target price on BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Zacks Research downgraded BankUnited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Raymond James Financial restated an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Hovde Group dropped their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd.
View Our Latest Stock Report on BKU
Insider Buying and Selling at BankUnited
In other BankUnited news, insider Jay D. Richards sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the sale, the insider owned 40,502 shares in the company, valued at $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John N. Digiacomo sold 1,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the sale, the director owned 15,027 shares in the company, valued at approximately $690,791.19. This represents a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of BankUnited by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock worth $210,390,000 after buying an additional 26,292 shares in the last quarter. State Street Corp raised its position in shares of BankUnited by 3.5% in the fourth quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock worth $197,792,000 after buying an additional 149,450 shares in the last quarter. HoldCo Asset Management LP raised its position in shares of BankUnited by 277.3% in the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock worth $157,568,000 after buying an additional 2,598,382 shares in the last quarter. Wellington Management Group LLP raised its position in shares of BankUnited by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock worth $140,654,000 after buying an additional 84,971 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of BankUnited by 9.4% in the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock worth $82,576,000 after buying an additional 185,937 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.
BankUnited Price Performance
Shares of NYSE BKU opened at $47.41 on Friday. The stock has a fifty day simple moving average of $46.84 and a two-hundred day simple moving average of $46.46. BankUnited has a 1-year low of $33.33 and a 1-year high of $52.11. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 13.21 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.
BankUnited (NYSE:BKU – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $273.69 million for the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same period last year, the company posted $0.78 earnings per share. Analysts anticipate that BankUnited will post 4.16 earnings per share for the current year.
BankUnited Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.33 per share. This is an increase from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.
About BankUnited
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.
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