Several other equities analysts have also recently weighed in on BKU. Keefe, Bruyette & Woods cut BankUnited from an outperform rating to a market perform rating and set a $51.00 price target for the company. in a research report on Thursday, June 2nd. Piper Sandler cut BankUnited from a neutral rating to an underweight rating and reduced their target price for the stock from $45.00 to $41.00 in a research report on Monday, May 9th. JPMorgan Chase & Co. lowered BankUnited from a neutral rating to an underweight rating and dropped their price target for the stock from $50.00 to $43.00 in a research note on Monday, April 25th. Finally, The Goldman Sachs Group lifted their price target on BankUnited from $42.50 to $48.00 and gave the stock a sell rating in a research note on Monday, April 4th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $47.29.
BKU stock opened at $35.23 on Friday. BankUnited has a twelve month low of $34.57 and a twelve month high of $46.75. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average is $39.94 and its 200-day moving average is $41.83. The firm has a market capitalization of $2.88 billion, a PE ratio of 8.29 and a beta of 1.23.
The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, April 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Wednesday, April 13th. This is a positive change from BankUnited’s previous quarterly dividend of $0.23. BankUnited’s payout ratio is 23.53%.
In other news, insider Jay D. Richards sold 7,415 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $41.40, for a total value of $306,981.00. Following the completion of the sale, the insider now owns 30,973 shares of the company’s stock, valued at approximately $1,282,282.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kevin A. Malcolm sold 703 shares of the business’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $39.16, for a total value of $27,529.48. Following the completion of the sale, the insider now directly owns 7,000 shares of the company’s stock, valued at approximately $274,120. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new position in BankUnited during the 4th quarter valued at approximately $30,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in BankUnited during the 4th quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new position in BankUnited during the 1st quarter valued at approximately $30,000. Lazard Asset Management LLC raised its position in BankUnited by 85.5% during the 4th quarter. Lazard Asset Management LLC now owns 963 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 444 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in BankUnited during the 1st quarter valued at approximately $47,000. 97.26% of the stock is owned by institutional investors and hedge funds.
About BankUnited (Get Rating)
BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.
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