BankUnited, Inc. (NYSE:BKU) Stock Has Average Price Target of $49.45

Shares of BankUnited, Inc. (NYSE:BKU) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.45.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of BankUnited from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Raymond James Financial dropped their price objective on BankUnited from $52.00 to $49.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Jefferies Financial Group restated a “buy” rating on shares of BankUnited in a report on Wednesday, July 22nd. Piper Sandler cut their target price on BankUnited from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on BankUnited from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Monday, August 3rd.

BankUnited Price Performance

BankUnited stock opened at $41.93 on Thursday. BankUnited has a 1 year low of $35.42 and a 1 year high of $52.11. The firm has a 50 day moving average price of $44.75 and a 200 day moving average price of $46.31. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 11.49 and a beta of 1.20. 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 (NYSE:BKU) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.03). The company had revenue of $284.57 million for the quarter, compared to analyst estimates of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Sell-side analysts predict that BankUnited will post 3.99 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, October 9th. This represents a $1.32 annualized dividend and a yield of 3.1%. BankUnited’s dividend payout ratio is currently 36.16%.

Insider Buying and Selling

In other news, Director Douglas Pauls sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $47.90, for a total value of $143,700.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BankUnited

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of BankUnited during the 2nd quarter worth about $518,492,000. Bank of New York Mellon Corp purchased a new position in BankUnited in the second quarter valued at approximately $46,177,000. Bank of America Corp DE purchased a new position in BankUnited in the second quarter valued at approximately $34,831,000. Empowered Funds LLC purchased a new position in BankUnited in the second quarter valued at approximately $16,051,000. Finally, Legal & General Group Plc purchased a new position in BankUnited in the second quarter valued at approximately $8,741,000. 99.70% of the stock is owned by institutional investors and hedge funds.

About BankUnited

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a regional financial institution headquartered in Miami Lakes, Florida. The bank serves businesses, professionals, institutions and individual consumers through a range of commercial and personal banking products.

BankUnited’s offerings include commercial and industrial lending, commercial real estate financing, residential mortgage warehouse lending, consumer loans, checking and savings accounts, certificates of deposit, and treasury management services.