Shares of BankUnited (NYSE:BKU) have been given an average rating of “Hold” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $37.71.
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of BankUnited in a research report on Tuesday, December 10th. They set an “outperform” rating and a $41.00 price target on the stock. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of BankUnited in a report on Tuesday, October 15th. Morgan Stanley boosted their price target on shares of BankUnited from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of BankUnited from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $37.00 in a report on Thursday, October 24th. Finally, DA Davidson started coverage on shares of BankUnited in a report on Tuesday, October 22nd. They set a “buy” rating and a $39.00 price target for the company.
NYSE BKU opened at $35.07 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50 day moving average price is $35.94 and its 200-day moving average price is $33.93. BankUnited has a 52-week low of $30.32 and a 52-week high of $37.60. The company has a market cap of $3.32 billion, a PE ratio of 14.86, a P/E/G ratio of 1.32 and a beta of 1.15.
BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.06. The company had revenue of $223.55 million during the quarter, compared to analysts’ expectations of $224.93 million. BankUnited had a net margin of 18.04% and a return on equity of 9.76%. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, analysts forecast that BankUnited will post 2.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Monday, January 13th. BankUnited’s payout ratio is 35.59%.
In related news, CEO Rajinder P. Singh sold 76,466 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $36.35, for a total value of $2,779,539.10. Following the completion of the sale, the chief executive officer now owns 355,749 shares in the company, valued at approximately $12,931,476.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas J. Pauls sold 20,731 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $35.16, for a total transaction of $728,901.96. Following the completion of the sale, the director now owns 55,179 shares of the company’s stock, valued at approximately $1,940,093.64. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. BBVA USA Bancshares Inc. grew its stake in BankUnited by 8.7% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 18,877 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 1,509 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of BankUnited by 8.2% in the third quarter. California Public Employees Retirement System now owns 241,936 shares of the financial services provider’s stock worth $8,134,000 after purchasing an additional 18,352 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of BankUnited by 21.8% in the third quarter. Squarepoint Ops LLC now owns 121,501 shares of the financial services provider’s stock worth $4,085,000 after purchasing an additional 21,785 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of BankUnited in the third quarter worth approximately $4,502,000. Finally, Great Lakes Advisors LLC raised its stake in shares of BankUnited by 5.5% in the third quarter. Great Lakes Advisors LLC now owns 351,067 shares of the financial services provider’s stock worth $11,803,000 after purchasing an additional 18,319 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.
BankUnited Company Profile
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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