Barclays Lowers BankUnited (NYSE:BKU) Price Target to $52.00

BankUnited (NYSE:BKU) had its price target dropped by equities researchers at Barclays from $53.00 to $52.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 5.07% from the stock’s current price.

A number of other equities analysts have also issued reports on BKU. Hovde Group decreased their target price on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Zacks Research upgraded shares of BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Weiss Ratings upgraded shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, Citigroup downgraded BankUnited from a “neutral” rating to a “sell” rating and cut their target price for the stock from $50.00 to $45.00 in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $52.73.

BankUnited Stock Up 1.9%

Shares of BankUnited stock opened at $49.49 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. BankUnited has a 1-year low of $34.79 and a 1-year high of $52.11. The business’s fifty day moving average price is $47.29 and its two-hundred day moving average price is $46.78. The company has a market capitalization of $3.60 billion, a P/E ratio of 13.79 and a beta of 1.17.

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). The business had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period in the previous year, the company posted $0.78 EPS. As a group, research analysts forecast that BankUnited will post 4.16 EPS for the current year.

Insider Activity at BankUnited

In related news, insider Jay D. Richards sold 4,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $48.67, for a total transaction of $194,680.00. Following the completion of the sale, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John N. Digiacomo sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the sale, the director owned 15,027 shares of the company’s stock, valued at $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BankUnited

A number of hedge funds have recently modified their holdings of BKU. Dimensional Fund Advisors LP lifted its holdings in shares of BankUnited by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock valued at $210,390,000 after purchasing an additional 26,292 shares during the last quarter. State Street Corp raised its holdings in BankUnited by 3.5% during the 4th quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock worth $197,792,000 after buying an additional 149,450 shares during the period. HoldCo Asset Management LP raised its holdings in BankUnited by 277.3% during the 4th quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock worth $157,568,000 after buying an additional 2,598,382 shares during the period. Wellington Management Group LLP lifted its stake in BankUnited by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock valued at $140,654,000 after buying an additional 84,971 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in BankUnited during the fourth quarter valued at about $73,655,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

About BankUnited

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.