ValuEngine upgraded shares of BankUnited, Inc. (NYSE:BKU) from a hold rating to a buy rating in a research report report published on Monday.

Other equities research analysts have also issued research reports about the company. BidaskClub raised BankUnited from a strong sell rating to a sell rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $41.00 price target on shares of BankUnited in a report on Thursday, September 28th. Barclays PLC reaffirmed an overweight rating and issued a $41.00 price target (up from $38.00) on shares of BankUnited in a report on Wednesday, July 12th. Wedbush reiterated a neutral rating and issued a $35.00 price target on shares of BankUnited in a research note on Tuesday, June 27th. Finally, BMO Capital Markets reiterated a hold rating and issued a $40.00 price target on shares of BankUnited in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $41.17.

Shares of BankUnited (NYSE BKU) opened at 35.54 on Monday. BankUnited has a 1-year low of $28.13 and a 1-year high of $41.00. The firm has a 50-day moving average price of $33.44 and a 200-day moving average price of $34.28. The stock has a market capitalization of $3.80 billion, a PE ratio of 15.90 and a beta of 1.10.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $269.48 million during the quarter, compared to the consensus estimate of $258.47 million. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. During the same period in the previous year, the business earned $0.52 EPS. On average, equities research analysts forecast that BankUnited will post $2.37 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, October 13th. BankUnited’s payout ratio is currently 37.67%.

In related news, Chairman John Adam Kanas sold 100,400 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $33.05, for a total transaction of $3,318,220.00. Following the transaction, the chairman now owns 742,866 shares of the company’s stock, valued at $24,551,721.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey Starr sold 7,445 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the transaction, the insider now directly owns 29,000 shares in the company, valued at approximately $1,017,320. The disclosure for this sale can be found here. Insiders sold a total of 386,035 shares of company stock worth $12,843,735 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of BKU. BlackRock Inc. raised its stake in BankUnited by 14,458.5% during the 1st quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after acquiring an additional 4,924,867 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of BankUnited by 3,522.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock valued at $32,738,000 after purchasing an additional 944,359 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of BankUnited by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock valued at $258,425,000 after purchasing an additional 792,163 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of BankUnited by 5,718.4% in the 2nd quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock valued at $23,168,000 after purchasing an additional 675,453 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of BankUnited by 405.6% in the 1st quarter. UBS Group AG now owns 838,146 shares of the financial services provider’s stock valued at $31,271,000 after purchasing an additional 672,370 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Analyst Recommendations for BankUnited (NYSE:BKU)

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