BankUnited, Inc. (NYSE:BKU) Price Target Cut to $40.00 by Analysts at Deutsche Bank AG

BankUnited, Inc. (NYSE:BKU) had its price objective trimmed by Deutsche Bank AG from $42.00 to $40.00 in a research report released on Wednesday, November 8th. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other brokerages also recently commented on BKU. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $41.00 target price on shares of BankUnited in a report on Thursday, September 28th. Zacks Investment Research cut shares of BankUnited from a hold rating to a sell rating in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of BankUnited from a hold rating to a buy rating in a research report on Monday, October 2nd. BidaskClub cut shares of BankUnited from a sell rating to a strong sell rating in a research report on Tuesday, August 22nd. Finally, Barclays PLC reissued an overweight rating and set a $41.00 target price (up from $38.00) on shares of BankUnited in a report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $40.27.

BankUnited (NYSE:BKU) traded up $1.02 on Wednesday, hitting $35.62. 904,700 shares of the stock traded hands, compared to its average volume of 844,309. BankUnited has a twelve month low of $30.37 and a twelve month high of $41.00. The company has a market capitalization of $3,695.99, a PE ratio of 14.54, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same period last year, the business posted $0.47 earnings per share. sell-side analysts anticipate that BankUnited will post 2.39 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, October 13th. BankUnited’s payout ratio is currently 35.29%.

In other BankUnited news, Chairman John Adam Kanas sold 78,190 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the transaction, the chairman now directly owns 565,076 shares in the company, valued at approximately $18,749,221.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Comerica Bank raised its stake in shares of BankUnited by 7.4% in the second quarter. Comerica Bank now owns 224,682 shares of the financial services provider’s stock worth $7,451,000 after purchasing an additional 15,437 shares during the last quarter. Northern Trust Corp raised its stake in shares of BankUnited by 1.5% in the second quarter. Northern Trust Corp now owns 481,813 shares of the financial services provider’s stock worth $16,243,000 after purchasing an additional 7,337 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BankUnited by 3.6% in the second quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock worth $295,602,000 after purchasing an additional 300,744 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in shares of BankUnited by 31.6% in the second quarter. Moody Aldrich Partners LLC now owns 24,005 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 5,770 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of BankUnited by 1.9% in the second quarter. Victory Capital Management Inc. now owns 1,581,056 shares of the financial services provider’s stock worth $53,297,000 after purchasing an additional 30,213 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Analyst Recommendations for BankUnited (NYSE:BKU)

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