BankUnited (NYSE:BKU) Stock Rating Upgraded by Wall Street Zen

BankUnited (NYSE:BKU) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Citigroup lowered their price objective on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday. Royal Bank Of Canada dropped their target price on shares of BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a report on Thursday. Zacks Research downgraded shares of BankUnited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of BankUnited in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.00.

BankUnited Stock Down 0.2%

NYSE:BKU opened at $46.39 on Friday. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 12.71 and a beta of 1.17. BankUnited has a twelve month low of $34.79 and a twelve month high of $52.11. The stock’s 50 day moving average price is $47.67 and its two-hundred day moving average price is $47.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The company had revenue of $284.57 million for the quarter, compared to the consensus estimate of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Equities research analysts expect that BankUnited will post 4.09 earnings per share for the current fiscal year.

Insider Activity at BankUnited

In other news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the sale, the director owned 15,027 shares in the company, valued at $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jay D. Richards sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the sale, the insider owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in BankUnited during the 1st quarter worth $28,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of BankUnited in the fourth quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new position in shares of BankUnited in the fourth quarter valued at about $35,000. Quarry LP increased its position in BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 576 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in BankUnited by 141.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 898 shares during the period. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.