Brokerages Set BankUnited, Inc. (NYSE:BKU) Target Price at $52.73

Shares of BankUnited, Inc. (NYSE:BKU) have been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $52.7273.

Several analysts recently commented on BKU shares. Citigroup cut BankUnited from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $50.00 to $45.00 in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods decreased their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Barclays lowered their target price on shares of BankUnited from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company increased their target price on shares of BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, March 30th.

BankUnited Trading Down 0.7%

Shares of BankUnited stock opened at $47.88 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited has a twelve month low of $34.79 and a twelve month high of $52.11. The firm has a market capitalization of $3.48 billion, a PE ratio of 13.34 and a beta of 1.17. The firm’s 50-day moving average price is $47.47 and its 200 day moving average price is $46.88.

BankUnited (NYSE:BKU) last posted its quarterly earnings data 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). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The firm had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. During the same quarter last year, the firm posted $0.78 earnings per share. On average, sell-side analysts predict that BankUnited will post 4.16 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, July 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. BankUnited’s payout ratio is presently 36.77%.

Insider Activity

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of the 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 owned 40,502 shares in the company, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John N. Digiacomo sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the transaction, the director directly owned 15,027 shares in the company, valued at $690,791.19. This trade represents a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BankUnited

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in BankUnited during the first quarter worth $28,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of BankUnited in the 4th quarter worth $30,000. Kestra Advisory Services LLC acquired a new stake in shares of BankUnited in the 4th quarter worth $35,000. Quarry LP increased its stake in shares of 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 last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of BankUnited by 141.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 898 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

About BankUnited

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.