BankUnited (NYSE:BKU) has been assigned an average rating of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.10.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine raised shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 target price on shares of BankUnited in a research note on Thursday, September 28th. BMO Capital Markets reissued a “hold” rating and set a $40.00 target price on shares of BankUnited in a research note on Friday, July 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $39.00 target price (down from $40.00) on shares of BankUnited in a research note on Thursday, July 6th.

Shares of BankUnited (NYSE BKU) traded down 0.78% during midday trading on Thursday, reaching $34.47. 294,961 shares of the company’s stock traded hands. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 15.42 and a beta of 1.10. BankUnited has a one year low of $28.13 and a one year high of $41.00. The company has a 50-day moving average of $33.79 and a 200-day moving average of $34.22.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $269.48 million for the quarter, compared to analysts’ expectations of $258.47 million. BankUnited had a net margin of 24.64% and a return on equity of 10.03%. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities research analysts anticipate that BankUnited will post $2.36 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, October 13th. BankUnited’s dividend payout ratio (DPR) is presently 37.67%.

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In related news, insider Jeffrey Starr sold 7,445 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the sale, the insider now directly owns 29,000 shares of the company’s stock, valued at $1,017,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John Adam Kanas sold 200,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $33.35, for a total transaction of $6,670,000.00. Following the completion of the sale, the chairman now directly owns 742,866 shares of the company’s stock, valued at $24,774,581.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 386,035 shares of company stock valued at $12,843,735. 5.10% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 300,744 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in BankUnited by 11.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock worth $258,425,000 after acquiring an additional 792,163 shares during the period. BlackRock Inc. lifted its stake in BankUnited by 14,458.5% in the first quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock worth $185,017,000 after acquiring an additional 4,924,867 shares during the period. FMR LLC lifted its stake in BankUnited by 9.3% in the first quarter. FMR LLC now owns 4,576,449 shares of the financial services provider’s stock worth $170,747,000 after acquiring an additional 388,495 shares during the period. Finally, State Street Corp lifted its stake in BankUnited by 5.4% in the second quarter. State Street Corp now owns 4,027,935 shares of the financial services provider’s stock worth $135,782,000 after acquiring an additional 207,520 shares during the period. 98.24% of the stock is owned by institutional investors.

BankUnited Company Profile

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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