BankUnited, Inc. (NYSE:BKU) Receives $43.40 Average PT from Brokerages

Shares of BankUnited, Inc. (NYSE:BKU) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $43.40.

BKU has been the subject of several recent research reports. Royal Bank of Canada increased their price target on BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Barclays lowered their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group upped their price objective on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Compass Point lifted their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

BankUnited Stock Up 2.2 %

Shares of NYSE BKU opened at $41.69 on Tuesday. The company has a 50 day simple moving average of $39.92 and a 200 day simple moving average of $37.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited has a 1 year low of $24.34 and a 1 year high of $44.45. The firm has a market cap of $3.12 billion, a PE ratio of 13.54 and a beta of 1.38.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the business earned $0.26 EPS. On average, research analysts forecast that BankUnited will post 3 EPS for the current year.

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.16 annualized dividend and a dividend yield of 2.78%. BankUnited’s dividend payout ratio is 37.66%.

Insider Transactions at BankUnited

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the company’s 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 completion of the transaction, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. This represents a 6.72 % 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, COO Thomas M. Cornish sold 10,778 shares of BankUnited 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 sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Institutional Trading of BankUnited

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of BankUnited by 19.6% during the 2nd quarter. AQR Capital Management LLC now owns 169,471 shares of the financial services provider’s stock valued at $4,960,000 after acquiring an additional 27,721 shares during the period. Dark Forest Capital Management LP bought a new position in BankUnited during the second quarter valued at $210,000. Millennium Management LLC increased its position in BankUnited by 49.2% in the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock worth $65,778,000 after buying an additional 740,896 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of BankUnited by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 41,438 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 2,778 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of BankUnited by 741.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 397,271 shares of the financial services provider’s stock valued at $11,628,000 after buying an additional 350,071 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

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.