Jefferies Financial Group Lowers BankUnited (NYSE:BKU) Price Target to $60.00

BankUnited (NYSE:BKU) had its target price dropped by investment analysts at Jefferies Financial Group from $65.00 to $60.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 19.00% from the company’s current price.

A number of other analysts also recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $44.00 price objective on shares of BankUnited in a research note on Thursday, October 23rd. Hovde Group reiterated an “outperform” rating and issued a $51.00 price target on shares of BankUnited in a research report on Monday, December 8th. Royal Bank Of Canada upped their price target on shares of BankUnited from $48.00 to $53.00 and gave the company a “sector perform” rating in a report on Thursday, January 22nd. Citigroup lifted their price objective on shares of BankUnited from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, Barclays boosted their target price on shares of BankUnited from $47.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.45.

BankUnited Stock Up 5.1%

BKU stock opened at $50.42 on Monday. The firm’s 50-day moving average is $45.80 and its two-hundred day moving average is $41.10. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 14.24 and a beta of 1.31. BankUnited has a 52 week low of $28.21 and a 52 week high of $52.11. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $288.20 million for the quarter, compared to analyst estimates of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same quarter last year, the business earned $0.91 earnings per share. On average, analysts forecast that BankUnited will post 3.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BankUnited

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in BankUnited by 15.3% during the 1st quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 2,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BankUnited by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 1,934 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of BankUnited during the first quarter valued at $9,100,000. Strs Ohio acquired a new position in BankUnited during the first quarter valued at $28,000. Finally, Maryland State Retirement & Pension System lifted its stake in BankUnited by 1.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Company Profile

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.