BankUnited (NYSE:BKU) Price Target Raised to $43.00 at Royal Bank of Canada

BankUnited (NYSE:BKU) had its target price raised by analysts at Royal Bank of Canada from $42.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 5.41% from the company’s current price.

A number of other brokerages also recently issued reports on BKU. The Goldman Sachs Group upped their price objective on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays reduced their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Keefe, Bruyette & Woods increased their target price on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Compass Point increased their target price on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, BankUnited presently has a consensus rating of “Hold” and an average target price of $43.40.

BankUnited Trading Up 2.2 %

BKU opened at $40.80 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The firm has a market capitalization of $3.05 billion, a PE ratio of 13.25 and a beta of 1.38. The company’s 50-day moving average is $39.95 and its 200 day moving average is $37.57.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, research analysts predict that BankUnited will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the sale, the insider now directly owns 34,687 shares in the company, valued at $1,428,410.66. This represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction 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. This represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Institutional Trading of BankUnited

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of BankUnited by 182.3% during 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. R Squared Ltd purchased a new stake in shares of BankUnited during the 4th quarter valued at $113,000. CWM LLC raised its position in shares of BankUnited by 118.3% during the 3rd quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,280 shares in the last quarter. KBC Group NV raised its position in shares of BankUnited by 87.8% during the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,883 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited during the 2nd quarter valued at $169,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

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.