BankUnited (NYSE:BKU) Upgraded by Piper Sandler to “Overweight” Rating

BankUnited (NYSE:BKU) was upgraded by equities researchers at Piper Sandler from a “neutral” rating to an “overweight” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $41.00 target price on the financial services provider’s stock. Piper Sandler’s target price points to a potential upside of 23.13% from the stock’s current price.

A number of other research firms have also weighed in on BKU. The Goldman Sachs Group boosted their price target 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. Barclays lowered their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price target on shares of BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.18.

BankUnited Stock Up 2.6 %

BKU stock opened at $33.30 on Tuesday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 10.81 and a beta of 1.40. The firm has a 50-day simple moving average of $38.71 and a 200-day simple moving average of $38.27. 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 $24.34 and a 52 week high of $44.45.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 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 quarter in the previous year, the company earned $0.26 earnings per share. Equities analysts forecast that BankUnited will post 3.13 earnings per share for the current fiscal year.

Insider Transactions at BankUnited

In other news, insider Kevin A. Malcolm sold 3,234 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. This represents a 20.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in shares of BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 410 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited in the 4th quarter worth approximately $73,000. Smartleaf Asset Management LLC lifted its holdings in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,407 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of BankUnited in the 4th quarter worth approximately $113,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

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.