BankUnited, Inc. (NYSE:BKU) Receives $30.50 Consensus Price Target from Brokerages

Shares of BankUnited, Inc. (NYSE:BKU) have received an average rating of “Reduce” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $30.50.

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Royal Bank of Canada reduced their target price on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. JPMorgan Chase & Co. cut their target price on BankUnited from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Barclays began coverage on shares of BankUnited in a research note on Friday, March 8th. They issued an “equal weight” rating and a $29.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on BankUnited from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, January 29th.

Insider Activity at BankUnited

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of BankUnited stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now directly owns 11,750 shares of the company’s stock, valued at approximately $319,365. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Several institutional investors have recently modified their holdings of the business. Jennison Associates LLC grew its stake in BankUnited by 54.3% during the 4th quarter. Jennison Associates LLC now owns 1,459,268 shares of the financial services provider’s stock worth $47,324,000 after purchasing an additional 513,342 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in BankUnited by 422.5% in the first quarter. Assenagon Asset Management S.A. now owns 584,573 shares of the financial services provider’s stock worth $16,368,000 after acquiring an additional 472,694 shares during the last quarter. Vanguard Group Inc. grew its holdings in BankUnited by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after acquiring an additional 332,567 shares in the last quarter. FMR LLC lifted its position in shares of BankUnited by 23.2% during the 3rd quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock worth $34,939,000 after purchasing an additional 290,232 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BankUnited by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,596,577 shares of the financial services provider’s stock worth $116,639,000 after purchasing an additional 251,281 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Trading Up 0.3 %

Shares of NYSE:BKU opened at $28.85 on Friday. The company has a market capitalization of $2.16 billion, a PE ratio of 12.44 and a beta of 1.34. The business’s fifty day simple moving average is $26.92 and its 200-day simple moving average is $27.43. BankUnited has a 12-month low of $15.83 and a 12-month high of $34.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. The business had revenue of $508.35 million during the quarter, compared to the consensus estimate of $239.84 million. During the same quarter last year, the company earned $0.70 earnings per share. As a group, equities research analysts predict that BankUnited will post 2.73 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were given a dividend of $0.29 per share. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, April 11th. BankUnited’s dividend payout ratio (DPR) is currently 50.00%.

About BankUnited

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.