BankUnited (NYSE:BKU) Price Target Raised to $30.00

BankUnited (NYSE:BKU) had its price target lifted by Barclays from $29.00 to $30.00 in a research note published on Monday, Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of BankUnited from $35.00 to $33.00 and set a neutral rating on the stock in a research report on Thursday, April 4th. Keefe, Bruyette & Woods decreased their target price on shares of BankUnited from $33.00 to $31.00 and set a market perform rating on the stock in a research report on Thursday, April 18th. StockNews.com raised shares of BankUnited from a sell rating to a hold rating in a research report on Monday, April 29th. Finally, Royal Bank of Canada cut their target price on shares of BankUnited from $33.00 to $29.00 and set a sector perform rating on the stock in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $30.60.

BankUnited Stock Performance

Shares of BKU opened at $27.94 on Monday. The company has a 50-day simple moving average of $28.21 and a 200-day simple moving average of $28.36. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $2.09 billion, a PE ratio of 12.04 and a beta of 1.33. BankUnited has a 52-week low of $20.84 and a 52-week high of $34.22.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. The firm had revenue of $508.35 million for the quarter, compared to analysts’ expectations of $239.84 million. During the same period in the prior year, the company earned $0.70 EPS. Equities research analysts predict that BankUnited will post 2.81 earnings per share for the current fiscal year.

Insider Activity at BankUnited

In related news, Director John N. Digiacomo sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the sale, the director now directly owns 13,482 shares of the company’s stock, valued at $394,752.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.19% of the stock is currently owned by corporate insiders.

Institutional Trading of BankUnited

Several institutional investors have recently added to or reduced their stakes in BKU. Vanguard Group Inc. raised its holdings in shares of BankUnited by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after purchasing an additional 280,993 shares during the period. Dimensional Fund Advisors LP grew its position in BankUnited by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,596,577 shares of the financial services provider’s stock valued at $116,639,000 after buying an additional 251,281 shares in the last quarter. LSV Asset Management lifted its holdings in BankUnited by 3.4% in the 4th quarter. LSV Asset Management now owns 2,427,027 shares of the financial services provider’s stock valued at $78,708,000 after acquiring an additional 80,577 shares during the last quarter. Jennison Associates LLC lifted its holdings in BankUnited by 6.4% in the 1st quarter. Jennison Associates LLC now owns 1,552,387 shares of the financial services provider’s stock valued at $43,467,000 after acquiring an additional 93,119 shares during the last quarter. Finally, FMR LLC lifted its holdings in BankUnited by 23.2% in the 3rd quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock valued at $34,939,000 after acquiring an additional 290,232 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

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.