Analysts Set BankUnited, Inc. (NYSE:BKU) PT at $40.55

BankUnited, Inc. (NYSE:BKU) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.55.

BKU has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of BankUnited from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group lowered their price target on BankUnited from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Wednesday, April 30th. StockNews.com lowered BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Royal Bank of Canada decreased their target price on BankUnited from $42.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, April 29th. Finally, Hovde Group cut their price target on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th.

Insider Activity at BankUnited

In other news, CFO Leslie Lunak sold 22,776 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the transaction, the chief financial officer now owns 59,899 shares in the company, valued at $2,010,210.44. This trade represents a 27.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sanjiv Sobti purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $32.07 per share, with a total value of $64,140.00. Following the acquisition, the director now owns 20,782 shares in the company, valued at $666,478.74. This represents a 10.65 % increase in their position. The disclosure for this purchase can be found here. 1.15% of the stock is owned by company insiders.

Institutional Trading of BankUnited

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its stake in BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after buying an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 410 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of BankUnited by 165.5% in the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,175 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BankUnited in the fourth quarter worth approximately $73,000. Finally, Smartleaf Asset Management LLC increased its position in shares of BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,407 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Trading Down 1.5 %

BKU opened at $33.88 on Thursday. The business has a 50 day moving average of $32.85 and a 200-day moving average of $37.13. The stock has a market cap of $2.55 billion, a PE ratio of 11.00 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. BankUnited has a 52 week low of $26.78 and a 52 week high of $44.45.

BankUnited (NYSE:BKU) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. The company had revenue of $255.41 million for the quarter, compared to analyst estimates of $264.35 million. During the same period in the prior year, the company posted $0.64 EPS. Equities research analysts predict that BankUnited will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.66%. BankUnited’s dividend payout ratio is 38.51%.

About BankUnited

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.