Brokerages Set BankUnited, Inc. (NYSE:BKU) PT at $52.00

Shares of BankUnited, Inc. (NYSE:BKU) have been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $51.7273.

BKU has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating on shares of BankUnited in a research report on Wednesday, July 22nd. Royal Bank Of Canada reduced their target price on BankUnited from $53.00 to $50.00 and set a “sector perform” rating for the company in a research report on Thursday, July 23rd. Barclays decreased their price target on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $56.00 price objective on shares of BankUnited in a research note on Wednesday, July 15th. Finally, Citigroup reduced their price objective on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating for the company in a report on Friday, July 24th.

Insider Transactions at BankUnited

In other news, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the sale, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John N. Digiacomo sold 1,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the completion of the transaction, the director directly owned 15,027 shares of the company’s stock, valued at approximately $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BKU. Hantz Financial Services Inc. lifted its holdings in BankUnited by 21.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 255 shares in the last quarter. Covestor Ltd grew its stake in BankUnited by 20.9% in the fourth quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 289 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of BankUnited by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 300 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of BankUnited by 24.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,810 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 358 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of BankUnited by 2.4% during the third quarter. Mackenzie Financial Corp now owns 19,550 shares of the financial services provider’s stock worth $746,000 after purchasing an additional 455 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Stock Up 0.9%

NYSE BKU opened at $47.08 on Friday. BankUnited has a twelve month low of $34.91 and a twelve month high of $52.11. The stock has a market cap of $3.42 billion, a PE ratio of 12.90 and a beta of 1.17. The firm has a 50-day simple moving average of $47.73 and a 200 day simple moving average of $47.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.03). BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The firm had revenue of $284.57 million for the quarter, compared to the consensus estimate of $290.33 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that BankUnited will post 4.09 EPS for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited’s dividend payout ratio is 36.16%.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.