BankUnited Inc. (NYSE:BKU) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $35.73.
A number of research analysts have weighed in on BKU shares. Bank of America Corp. restated a “buy” rating and issued a $38.00 price objective on shares of BankUnited in a report on Monday, June 20th. Sandler O’Neill raised BankUnited from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $35.00 target price on shares of BankUnited in a research note on Wednesday, July 6th. JPMorgan Chase & Co. cut their target price on BankUnited from $40.00 to $34.50 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, Royal Bank Of Canada cut their target price on BankUnited from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, July 21st.
Shares of BankUnited (NYSE:BKU) opened at 29.08 on Tuesday. The company has a 50-day moving average of $30.66 and a 200-day moving average of $31.88. BankUnited has a 1-year low of $27.85 and a 1-year high of $39.97. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 11.61 and a beta of 0.83.
BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.43 EPS. On average, equities research analysts expect that BankUnited will post $2.10 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 13th. BankUnited’s payout ratio is 33.60%.
In other BankUnited news, insider Mark Bagnoli sold 2,000 shares of BankUnited stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $30.11, for a total value of $60,220.00. Following the completion of the transaction, the insider now directly owns 17,458 shares of the company’s stock, valued at approximately $525,660.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Starr sold 5,000 shares of BankUnited stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $31.20, for a total value of $156,000.00. Following the completion of the transaction, the insider now directly owns 34,000 shares of the company’s stock, valued at $1,060,800. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC increased its position in BankUnited by 2,402.6% in the second quarter. Citadel Advisors LLC now owns 1,071,118 shares of the financial services provider’s stock valued at $32,905,000 after buying an additional 1,028,317 shares in the last quarter. JPMorgan Chase & Co. increased its position in BankUnited by 66.0% in the first quarter. JPMorgan Chase & Co. now owns 2,305,832 shares of the financial services provider’s stock valued at $79,412,000 after buying an additional 917,061 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in BankUnited during the second quarter valued at $20,329,000. Mesirow Financial Investment Management Equity Management purchased a new position in BankUnited during the second quarter valued at $17,646,000. Finally, American Century Companies Inc. increased its position in BankUnited by 25.1% in the second quarter. American Century Companies Inc. now owns 2,836,844 shares of the financial services provider’s stock valued at $87,148,000 after buying an additional 569,648 shares in the last quarter. 97.02% of the stock is owned by institutional investors.
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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