Hovde Group Has Lowered Expectations for BankUnited (NYSE:BKU) Stock Price

BankUnited (NYSE:BKU) had its price target lowered by equities research analysts at Hovde Group from $46.00 to $44.00 in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s price target would suggest a potential upside of 22.96% from the company’s current price.

Several other analysts have also issued reports on BKU. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target for the company in a research report on Tuesday, March 11th. Royal Bank of Canada upped their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Barclays cut their target price on BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company upped their price target on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.45.

BankUnited Stock Performance

NYSE:BKU opened at $35.78 on Tuesday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.62 and a beta of 1.40. The business has a 50 day moving average of $38.03 and a 200 day moving average of $38.05. 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.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.26 earnings per share. On average, sell-side analysts predict that BankUnited will post 3.13 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sanjiv Sobti bought 1,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $32.83 per share, with a total value of $32,830.00. Following the completion of the acquisition, the director now owns 21,782 shares of the company’s stock, valued at $715,103.06. The trade was a 4.81 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now owns 12,250 shares of the company’s stock, valued at $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new position in BankUnited in the fourth quarter worth about $605,000. GTS Securities LLC bought a new position in BankUnited in the 4th quarter valued at approximately $261,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in BankUnited by 20.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,016 shares of the financial services provider’s stock valued at $7,177,000 after acquiring an additional 31,416 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of BankUnited by 14.9% in the 4th quarter. Voloridge Investment Management LLC now owns 351,108 shares of the financial services provider’s stock worth $13,402,000 after purchasing an additional 45,648 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of BankUnited by 39.3% in the fourth quarter. Two Sigma Advisers LP now owns 16,316 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 4,600 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

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.