BankUnited, Inc. (NYSE:BKU) Given Consensus Rating of “Moderate Buy” by Analysts

BankUnited, Inc. (NYSE:BKU) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $52.7273.

Several research firms recently issued reports on BKU. Keefe, Bruyette & Woods cut their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Wall Street Zen cut shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Hovde Group lowered their price target on BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Finally, Wells Fargo & Company upped their price objective 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.

BankUnited Trading Down 0.1%

Shares of BKU traded down $0.04 during midday trading on Tuesday, reaching $48.19. The company had a trading volume of 428,504 shares, compared to its average volume of 1,050,543. The firm has a 50 day simple moving average of $47.44 and a 200-day simple moving average of $46.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.50 billion, a PE ratio of 13.42 and a beta of 1.17. 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 data on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The business had revenue of $273.69 million during the quarter, compared to analyst estimates of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter in the prior year, the company posted $0.78 earnings per share. Research analysts forecast that BankUnited will post 4.16 EPS for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid 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 of this dividend is Friday, July 10th. BankUnited’s dividend payout ratio (DPR) is 36.77%.

Insider Activity

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

Institutional Investors Weigh In On BankUnited

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of BankUnited during the 1st quarter valued at about $28,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of BankUnited in the fourth quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in BankUnited in the 4th quarter worth about $35,000. Quarry LP lifted its position in shares of BankUnited by 158.2% in the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of BankUnited by 141.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 898 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors.

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.