Weekly Investment Analysts’ Ratings Changes for BankUnited (BKU)

BankUnited (NYSE: BKU) recently received a number of ratings updates from brokerages and research firms:

• 10/1/2024 – BankUnited had its price target raised by analysts at Wells Fargo & Company from $35.00 to $38.00. They now have an “equal weight” rating on the stock.
• 9/27/2024 – BankUnited had its price target raised by analysts at Barclays PLC from $35.00 to $39.00. They now have an “equal weight” rating on the stock.
• 9/24/2024 – BankUnited had its price target raised by analysts at Wedbush from $39.00 to $40.00. They now have a “neutral” rating on the stock.
• 9/11/2024 – BankUnited had its price target lowered by analysts at Citigroup Inc. from $42.00 to $39.00. They now have a “neutral” rating on the stock.

BankUnited Price Performance

BankUnited stock traded down $1.28 during mid-day trading on Tuesday, hitting $35.16. The company’s stock had a trading volume of 677,073 shares, compared to its average volume of 804,722. BankUnited, Inc. has a twelve month low of $20.84 and a twelve month high of $39.51. The stock’s fifty day moving average price is $36.60 and its two-hundred day moving average price is $31.33. The stock has a market capitalization of $2.63 billion, a P/E ratio of 15.16 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22.

BankUnited (NYSE:BKU) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The business had revenue of $250.20 million during the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. BankUnited’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. Research analysts forecast that BankUnited, Inc. will post 2.88 earnings per share for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is currently 50.00%.

Insider Activity

In related news, Director William S. Rubenstein sold 7,864 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BankUnited news, insider Jay D. Richards sold 10,143 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $36.61, for a total value of $371,335.23. Following the completion of the sale, the insider now owns 37,187 shares in the company, valued at approximately $1,361,416.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William S. Rubenstein sold 7,864 shares of BankUnited stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the sale, the director now directly owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. The disclosure for this sale can be found here. Insiders have sold 21,507 shares of company stock worth $802,400 over the last 90 days. 1.19% of the stock is owned by company insiders.

Institutional Trading of BankUnited

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in BankUnited by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock valued at $18,517,000 after purchasing an additional 48,059 shares in the last quarter. Empowered Funds LLC grew its stake in shares of BankUnited by 38.9% in the 1st quarter. Empowered Funds LLC now owns 226,937 shares of the financial services provider’s stock valued at $6,354,000 after buying an additional 63,520 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in BankUnited by 41.8% in the fourth quarter. Rafferty Asset Management LLC now owns 179,146 shares of the financial services provider’s stock worth $5,810,000 after buying an additional 52,788 shares during the last quarter. Vanguard Group Inc. increased its holdings in BankUnited by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after buying an additional 332,567 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in BankUnited during the fourth quarter valued at approximately $1,331,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.