Brokerages Set BankUnited, Inc. (NYSE:BKU) Target Price at $43.18

Shares of BankUnited, Inc. (NYSE:BKU) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.18.

Several analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. Barclays decreased their target price 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. Wells Fargo & Company upped their target price on shares of BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. StockNews.com downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a report on Tuesday, March 11th.

BankUnited Stock Down 0.2 %

Shares of BKU stock opened at $34.59 on Wednesday. The stock has a market cap of $2.59 billion, a P/E ratio of 11.23 and a beta of 1.40. BankUnited has a 52 week low of $24.34 and a 52 week high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $38.06 and its two-hundred day simple moving average is $38.05.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate 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 previous year, the company posted $0.26 EPS. Analysts predict that BankUnited will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.29 per share. The ex-dividend date was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.35%. BankUnited’s payout ratio is 37.66%.

Insider Activity at BankUnited

In related news, Director Sanjiv Sobti purchased 1,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the acquisition, the director now owns 21,782 shares in the company, valued at approximately $715,103.06. This represents a 4.81 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the transaction, the insider now directly owns 12,250 shares of the company’s stock, valued at approximately $430,955. This represents a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BKU. Alpha DNA Investment Management LLC acquired a new stake in BankUnited during the third quarter valued at $443,000. Principal Financial Group Inc. lifted its stake in shares of BankUnited by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock worth $13,836,000 after buying an additional 10,064 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in BankUnited during the fourth quarter worth about $766,000. SG Americas Securities LLC raised its stake in shares of BankUnited by 462.0% in the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider’s stock valued at $1,067,000 after acquiring an additional 22,981 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock valued at $2,172,000 after acquiring an additional 40,461 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

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.