BankUnited (NYSE:BKU) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of BankUnited (NYSE:BKU) in a report released on Wednesday,Benzinga reports. They currently have a $56.00 price objective on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on BKU. Barclays lowered their price objective on BankUnited from $53.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Wall Street Zen lowered shares of BankUnited from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Wells Fargo & Company boosted their price target on shares of BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.73.

BankUnited Stock Performance

NYSE:BKU opened at $48.41 on Wednesday. The stock has a market cap of $3.52 billion, a P/E ratio of 13.49 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average is $47.49 and its 200-day moving average is $46.92. BankUnited has a 1-year low of $34.79 and a 1-year high of $52.11.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The business had revenue of $273.69 million for the quarter, compared to the consensus estimate of $284.57 million. During the same period in the previous year, the business posted $0.78 EPS. Equities research analysts anticipate that BankUnited will post 4.16 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 10th. BankUnited’s payout ratio is presently 36.77%.

Insider Buying and Selling at BankUnited

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of the firm’s stock in a transaction on 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 directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This trade represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at $690,791.19. This represents a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BankUnited

Several hedge funds and other institutional investors have recently modified their holdings of BKU. Eurizon Capital SGR S.p.A. bought a new stake in BankUnited during the 4th quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in shares of BankUnited during the fourth quarter valued at about $35,000. Strs Ohio bought a new stake in shares of BankUnited during the first quarter worth about $28,000. Quarry LP raised its holdings 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, Global Retirement Partners LLC lifted its position in BankUnited by 17,050.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,364 shares in the last quarter. Institutional investors 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.