Brokerages Set BankUnited, Inc. (NYSE:BKU) Target Price at $51.64

BankUnited, Inc. (NYSE:BKU) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $51.6364.

A number of analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $56.00 price target on shares of BankUnited in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods cut their price objective on BankUnited from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating on shares of BankUnited in a research report on Wednesday, July 22nd. Royal Bank Of Canada lowered their price target on shares of BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 23rd. Finally, Zacks Research cut shares of BankUnited from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th.

BankUnited Stock Down 0.2%

Shares of BankUnited stock opened at $46.48 on Wednesday. The company has a market cap of $3.31 billion, a P/E ratio of 12.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. BankUnited has a one year low of $35.10 and a one year high of $52.11. The firm has a fifty day moving average of $47.64 and a two-hundred day moving average of $46.96.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.03). BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The firm had revenue of $284.57 million during the quarter, compared to analysts’ expectations of $290.33 million. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that BankUnited will post 4.01 earnings per share for the current year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. BankUnited’s dividend payout ratio (DPR) is 36.16%.

Insider Activity

In other news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the sale, the director directly owned 15,027 shares in the company, valued at approximately $690,791.19. This trade represents a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas J. Pauls sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $47.90, for a total value of $143,700.00. Following the sale, the director directly owned 42,472 shares in the company, valued at $2,034,408.80. This trade represents a 6.60% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 8,000 shares of company stock worth $384,350. Company insiders own 1.00% of the company’s stock.

Institutional Trading of BankUnited

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in BankUnited during the 2nd quarter valued at $518,492,000. Dimensional Fund Advisors LP raised its holdings in shares of BankUnited by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock worth $210,390,000 after acquiring an additional 26,292 shares during the last quarter. State Street Corp lifted its position in shares of BankUnited by 3.5% in the fourth quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock valued at $197,792,000 after acquiring an additional 149,450 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of BankUnited by 4,612.2% in the second quarter. California State Teachers Retirement System now owns 4,378,911 shares of the financial services provider’s stock valued at $212,158,000 after acquiring an additional 4,285,984 shares in the last quarter. Finally, HoldCo Asset Management LP boosted its stake in shares of BankUnited by 277.3% during the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock valued at $157,568,000 after acquiring an additional 2,598,382 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

About BankUnited

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.