BankUnited, Inc. (NYSE:BKU) Receives $41.36 Average Target Price from Brokerages

BankUnited, Inc. (NYSE:BKU) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $41.36.

Several research analysts have issued reports on BKU shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their target price on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays dropped their price objective on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, The Goldman Sachs Group boosted their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th.

Insiders Place Their Bets

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This represents a 9.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay D. Richards sold 2,500 shares of BankUnited stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the sale, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in BankUnited in the second quarter valued at about $74,000. CWM LLC raised its holdings in shares of BankUnited by 118.3% in the 3rd quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 2,280 shares during the period. GAMMA Investing LLC lifted its stake in BankUnited by 17.4% in 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 last quarter. SG Americas Securities LLC bought a new position in BankUnited during the third quarter valued at $181,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in BankUnited in the second quarter worth $169,000. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Up 2.2 %

BankUnited stock opened at $38.74 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $2.90 billion, a PE ratio of 15.88 and a beta of 1.38. The firm’s fifty day moving average is $39.57 and its 200 day moving average is $36.60. BankUnited has a 12-month low of $24.34 and a 12-month high of $44.45.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share 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 analyst estimates of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, sell-side analysts predict that BankUnited will post 2.89 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.29 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 2.99%. BankUnited’s dividend payout ratio (DPR) is 47.54%.

About BankUnited

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.