BankUnited (NYSE:BKU) Shares Gap Up to $19.22

BankUnited, Inc. (NYSE:BKU – Get Rating)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $19.22, but opened at $19.69. BankUnited shares last traded at $20.02, with a volume of 84,549 shares trading hands.

Analysts Set New Price Targets

BKU has been the topic of several recent analyst reports. VNET Group reiterated an “upgrade” rating on shares of BankUnited in a report on Wednesday, April 26th. Royal Bank of Canada cut their price objective on BankUnited from $31.00 to $25.00 in a report on Wednesday, April 26th. Piper Sandler upgraded BankUnited from an “underweight” rating to a “neutral” rating in a report on Wednesday, April 26th. Wells Fargo & Company cut their target price on BankUnited from $38.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 5th. Finally, StockNews.com initiated coverage on BankUnited in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, BankUnited presently has an average rating of “Hold” and a consensus price target of $33.11.

BankUnited Price Performance

The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 5.56 and a beta of 1.18. The company has a 50-day simple moving average of $20.58 and a two-hundred day simple moving average of $30.00. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.97 and a current ratio of 0.97.

BankUnited (NYSE:BKU – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.23). The company had revenue of $456.95 million for the quarter, compared to analyst estimates of $264.73 million. BankUnited had a return on equity of 10.93% and a net margin of 17.87%. During the same period last year, the firm earned $0.79 EPS. As a group, equities research analysts forecast that BankUnited, Inc. will post 3.05 EPS for the current year.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 1,406 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $35.21, for a total transaction of $49,505.26. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $352,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BKU. LSV Asset Management increased its holdings in shares of BankUnited by 1,361.6% during the 1st quarter. LSV Asset Management now owns 2,217,250 shares of the financial services provider’s stock worth $50,066,000 after acquiring an additional 2,065,550 shares during the last quarter. Norges Bank acquired a new position in shares of BankUnited during the 4th quarter worth approximately $31,064,000. HRT Financial LP acquired a new position in shares of BankUnited during the 1st quarter worth approximately $9,868,000. State Street Corp increased its holdings in shares of BankUnited by 9.7% during the 1st quarter. State Street Corp now owns 4,804,752 shares of the financial services provider’s stock worth $108,491,000 after acquiring an additional 425,740 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in BankUnited by 175.2% in the 1st quarter. Hsbc Holdings PLC now owns 540,367 shares of the financial services provider’s stock valued at $23,814,000 after buying an additional 343,997 shares in the last quarter.

BankUnited Company Profile

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BankUnited, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, BankUnited, N.A.. Its services include corporate banking, commercial real estate, treasury management, business checking accounts, business online banking solutions, and home mortgages.