Brokerages Set BankUnited, Inc. (NYSE:BKU) Target Price at $51.55

BankUnited, Inc. (NYSE:BKU) has earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.5455.

BKU has been the topic of a number of recent research reports. Zacks Research lowered shares of BankUnited from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods decreased their target price on shares of BankUnited from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Monday, August 3rd. Wells Fargo & Company began coverage on shares of BankUnited in a research note on Monday, August 10th. They issued an “overweight” rating and a $54.00 target price on the stock. Citigroup restated a “sell” rating on shares of BankUnited in a report on Tuesday. Finally, Hovde Group dropped their price target on BankUnited from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, September 14th.

BankUnited Stock Performance

NYSE BKU opened at $43.84 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $46.40 and its 200-day simple moving average is $46.52. The company has a market cap of $3.12 billion, a PE ratio of 12.01 and a beta of 1.17. BankUnited has a 1-year low of $35.10 and a 1-year high of $52.11.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The business had revenue of $284.57 million for the quarter, compared to analysts’ expectations of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.BankUnited’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. As a group, equities research analysts anticipate that BankUnited will post 4.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other BankUnited news, Director Douglas Pauls sold 3,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $47.90, for a total transaction of $143,700.00. Following the transaction, the director owned 42,472 shares of the company’s stock, valued at approximately $2,034,408.80. The trade was a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKU. Integrated Wealth Concepts LLC acquired a new position in shares of BankUnited during the 2nd quarter valued at about $49,000. IFP Advisors Inc increased its position in BankUnited by 85.4% during the second quarter. IFP Advisors Inc now owns 938 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 432 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in BankUnited during the second quarter worth about $3,407,000. Nykredit A S purchased a new position in BankUnited during the second quarter worth about $59,000. Finally, Corient Private Wealth LP purchased a new position in BankUnited during the second quarter worth about $727,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. The company provides banking products and services to commercial and middle-market businesses, public-sector organizations, and individual consumers.

Its offerings include commercial and industrial lending, commercial real estate financing, residential and commercial mortgage lending, consumer loans, deposit accounts, treasury management, online and mobile banking, and other cash-management services.