Analysts Set BankUnited, Inc. (NYSE:BKU) Price Target at $41.91

BankUnited, Inc. (NYSE:BKU) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $43.2727.

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $44.00 price target on shares of BankUnited in a research note on Thursday, October 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 price target on shares of BankUnited in a research note on Thursday, October 23rd. Jefferies Financial Group upgraded BankUnited from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Monday. Finally, Wells Fargo & Company reduced their target price on shares of BankUnited from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd.

BankUnited Stock Down 0.2%

BankUnited stock opened at $43.21 on Monday. BankUnited has a twelve month low of $28.21 and a twelve month high of $43.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.84 and a current ratio of 0.83. The firm has a market cap of $3.25 billion, a PE ratio of 12.17 and a beta of 1.34. The firm’s 50 day moving average price is $39.34 and its two-hundred day moving average price is $37.63.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The company had revenue of $275.68 million during the quarter, compared to analyst estimates of $280.33 million. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, research analysts predict that BankUnited will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s payout ratio is presently 34.93%.

Institutional Trading of BankUnited

Large investors have recently made changes to their positions in the stock. Strs Ohio acquired a new position in BankUnited during the first quarter valued at approximately $28,000. Brooklyn Investment Group boosted its holdings in shares of BankUnited by 14,050.0% during the 1st quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after buying an additional 843 shares during the period. Salomon & Ludwin LLC acquired a new position in BankUnited in the 3rd quarter valued at $34,000. Quarry LP raised its holdings in BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 576 shares during the period. Finally, Bayforest Capital Ltd boosted its holdings in BankUnited by 32.3% during the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 271 shares during the period. Institutional investors own 99.70% of the company’s stock.

BankUnited Company Profile

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.