BankUnited (NYSE:BKU) Upgraded at Zacks Research

BankUnited (NYSE:BKU) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for BankUnited’s FY2026 earnings at $4.28 EPS.

A number of other brokerages also recently issued reports on BKU. Keefe, Bruyette & Woods dropped their price target on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Barclays decreased their price objective on shares of BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Wells Fargo & Company boosted their target price on shares of BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.27.

BankUnited Price Performance

BankUnited stock opened at $49.20 on Monday. The stock’s 50 day moving average is $46.91 and its 200 day moving average is $46.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $3.58 billion, a P/E ratio of 13.70 and a beta of 1.17. BankUnited has a one year low of $34.50 and a one year high of $52.11.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). The company had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter in the previous year, the company earned $0.78 earnings per share. As a group, research analysts expect that BankUnited will post 4.16 EPS for the current year.

Insider Transactions at BankUnited

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

Institutional Investors Weigh In On BankUnited

A number of hedge funds have recently added to or reduced their stakes in BKU. Bank of America Corp DE increased its holdings in shares of BankUnited by 9.0% during the first quarter. Bank of America Corp DE now owns 819,548 shares of the financial services provider’s stock valued at $37,011,000 after acquiring an additional 67,981 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of BankUnited in the 1st quarter worth $6,797,000. Amundi lifted its holdings in shares of BankUnited by 31.4% in the 1st quarter. Amundi now owns 15,300 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 3,660 shares in the last quarter. California State Teachers Retirement System grew its position in BankUnited by 30.9% in the 1st quarter. California State Teachers Retirement System now owns 92,927 shares of the financial services provider’s stock valued at $4,197,000 after purchasing an additional 21,956 shares during the period. Finally, Royal Bank of Canada grew its position in BankUnited by 89.8% in the 1st quarter. Royal Bank of Canada now owns 7,701 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 3,643 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

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.