BankUnited Inc. (NYSE:BKU) had its target price lowered by Barclays PLC from $34.00 to $33.00 in a research report sent to investors on Tuesday. Barclays PLC currently has an equal weight rating on the financial services provider’s stock.
A number of other brokerages have also commented on BKU. Hovde Group lowered BankUnited from a market perform rating to an underperform rating and lowered their price objective for the company from $30.00 to $28.00 in a report on Thursday, September 1st. Bank of America Corp. reaffirmed a buy rating and issued a $38.00 target price on shares of BankUnited in a report on Monday, June 20th. Zacks Investment Research raised BankUnited from a sell rating to a hold rating in a report on Friday, June 17th. Sandler O’Neill lowered BankUnited from a buy rating to a hold rating and set a $33.00 target price on the stock. in a report on Thursday, July 21st. Finally, Royal Bank Of Canada lowered their target price on BankUnited from $39.00 to $37.00 and set an outperform rating on the stock in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. BankUnited has an average rating of Hold and a consensus target price of $35.63.
Shares of BankUnited (NYSE:BKU) traded down 0.34% during midday trading on Tuesday, reaching $29.74. The company’s stock had a trading volume of 139,852 shares. The stock has a 50 day moving average price of $30.79 and a 200-day moving average price of $31.96. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 11.87 and a beta of 0.83. BankUnited has a 52-week low of $27.85 and a 52-week high of $39.97.
BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. BankUnited had a return on equity of 9.80% and a net margin of 24.42%. During the same quarter last year, the business posted $0.43 EPS. Equities research analysts expect that BankUnited will post $2.10 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.82%. BankUnited’s dividend payout ratio (DPR) is presently 33.60%.
In related news, insider Mark Bagnoli sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $30.11, for a total transaction of $60,220.00. Following the completion of the transaction, the insider now owns 17,458 shares in the company, valued at approximately $525,660.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Starr sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $31.20, for a total value of $156,000.00. Following the transaction, the insider now owns 34,000 shares of the company’s stock, valued at approximately $1,060,800. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of BKU. IFP Advisors Inc increased its position in BankUnited by 39.0% in the first quarter. IFP Advisors Inc now owns 3,812 shares of the financial services provider’s stock valued at $131,000 after buying an additional 1,069 shares during the period. Janney Montgomery Scott LLC increased its position in BankUnited by 7.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,736 shares of the financial services provider’s stock valued at $243,000 after buying an additional 494 shares during the period. Bayesian Capital Management LP bought a new position in BankUnited during the first quarter valued at approximately $234,000. BlueMountain Capital Management LLC bought a new position in BankUnited during the first quarter valued at approximately $248,000. Finally, Aperio Group LLC increased its position in BankUnited by 19.3% in the first quarter. Aperio Group LLC now owns 8,011 shares of the financial services provider’s stock valued at $276,000 after buying an additional 1,296 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.
BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
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