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

Shares of BankUnited, Inc. (NYSE:BKU) have received an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.40.

A number of equities analysts have weighed in on the company. Hovde Group boosted their price target on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Barclays boosted their price target on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Wedbush boosted their price objective on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price objective on BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a report on Wednesday, October 23rd.

Insider Transactions at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the sale, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at $3,911,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BankUnited

Several hedge funds have recently bought and sold shares of BKU. CWM LLC lifted its position in BankUnited by 307.6% during the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,455 shares during the period. Headlands Technologies LLC bought a new position in BankUnited during the first quarter valued at approximately $57,000. Meeder Asset Management Inc. bought a new position in BankUnited during the second quarter valued at approximately $74,000. GAMMA Investing LLC lifted its position in BankUnited by 17.4% during the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares during the period. Finally, SG Americas Securities LLC bought a new position in BankUnited during the third quarter valued at approximately $181,000. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Performance

BKU stock opened at $40.29 on Thursday. The business’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $33.46. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a market cap of $3.01 billion, a PE ratio of 16.51 and a beta of 1.33. BankUnited has a 1-year low of $23.83 and a 1-year high of $41.65.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter last year, the business posted $0.63 EPS. As a group, research analysts forecast that BankUnited will post 2.85 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s payout ratio is 47.54%.

BankUnited Company Profile

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.