Analysts Set BankUnited, Inc. (NYSE:BKU) Target Price at $44.38

Shares of BankUnited, Inc. (NYSE:BKUGet Rating) have received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $44.38.

BKU has been the topic of several research analyst reports. StockNews.com assumed coverage on BankUnited in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Compass Point decreased their target price on BankUnited to $40.00 in a research report on Thursday, October 20th.

Insider Buying and Selling at BankUnited

In other news, Director A. Gail Prudenti sold 4,500 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $37.26, for a total value of $167,670.00. Following the completion of the transaction, the director now directly owns 9,729 shares of the company’s stock, valued at $362,502.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On BankUnited

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its stake in BankUnited by 4.7% in the first quarter. State Street Corp now owns 5,684,665 shares of the financial services provider’s stock valued at $249,898,000 after purchasing an additional 252,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BankUnited by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,526,849 shares of the financial services provider’s stock worth $154,682,000 after acquiring an additional 292,991 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of BankUnited by 0.9% during the 3rd quarter. Alliancebernstein L.P. now owns 3,911,695 shares of the financial services provider’s stock worth $133,663,000 after acquiring an additional 33,040 shares during the period. American Century Companies Inc. boosted its position in shares of BankUnited by 11.2% in the first quarter. American Century Companies Inc. now owns 2,951,372 shares of the financial services provider’s stock worth $129,742,000 after acquiring an additional 297,652 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in BankUnited by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 2,681,730 shares of the financial services provider’s stock valued at $95,390,000 after purchasing an additional 39,246 shares during the period. 93.77% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Price Performance

BankUnited stock opened at $36.06 on Friday. The company has a market cap of $2.79 billion, a P/E ratio of 8.71 and a beta of 1.21. BankUnited has a one year low of $33.54 and a one year high of $46.75. The business has a fifty day moving average of $36.01 and a two-hundred day moving average of $37.34. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.89 and a current ratio of 0.89.

BankUnited (NYSE:BKUGet Rating) last announced its quarterly earnings data on Thursday, October 20th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. BankUnited had a net margin of 29.75% and a return on equity of 12.71%. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, analysts predict that BankUnited will post 3.75 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Thursday, October 13th. BankUnited’s payout ratio is currently 24.15%.

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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Analyst Recommendations for BankUnited (NYSE:BKU)

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