Brokerages Set BankUnited, Inc. (NYSE:BKU) Price Target at $41.36

Shares of BankUnited, Inc. (NYSE:BKU) have received an average rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.36.

Several equities analysts have recently commented on the stock. Wedbush boosted their target price on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Barclays cut their target price on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $48.00 in a research note on Wednesday, November 13th. The Goldman Sachs Group boosted their price target on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Finally, Compass Point raised their price objective on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.

Insider Buying and Selling at BankUnited

In other news, insider Jay D. Richards sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the transaction, the insider now directly owns 34,687 shares in the company, valued at $1,428,410.66. This trade represents a 6.72 % 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, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors LLC raised its stake in BankUnited by 1.0% during the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after buying an additional 497 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of BankUnited by 60.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 8,794 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 3,327 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of BankUnited by 171.8% in the 2nd quarter. Victory Capital Management Inc. now owns 294,619 shares of the financial services provider’s stock worth $8,623,000 after acquiring an additional 186,225 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of BankUnited by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 379 shares during the period. Finally, Choreo LLC bought a new stake in shares of BankUnited during the 2nd quarter valued at about $441,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Price Performance

BankUnited stock opened at $38.74 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 15.88 and a beta of 1.38. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average price is $39.57 and its two-hundred day moving average price is $36.60. BankUnited has a one year low of $24.34 and a one year high of $44.45.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. The company had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. During the same quarter last year, the business earned $0.63 earnings per share. As a group, research analysts expect that BankUnited will post 2.89 EPS for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 2.99%. BankUnited’s dividend payout ratio is presently 47.54%.

BankUnited Company Profile

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.