BankUnited, Inc. (NYSE:BKU) Receives $41.91 Consensus PT from Analysts

BankUnited, Inc. (NYSE:BKU) has received an average rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $41.9091.

A number of analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of BankUnited from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $42.00 target price on shares of BankUnited in a research note on Thursday, October 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $44.00 target price on shares of BankUnited in a report on Thursday, October 23rd. Finally, Jefferies Financial Group cut their price target on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, October 22nd.

Hedge Funds Weigh In On BankUnited

A number of large investors have recently added to or reduced their stakes in BKU. Strs Ohio acquired a new stake in shares of BankUnited in the 1st quarter valued at about $28,000. Brooklyn Investment Group grew its holdings in shares of BankUnited by 14,050.0% during the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after buying an additional 843 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in BankUnited in the 3rd quarter valued at approximately $34,000. Quarry LP raised its position in BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after buying an additional 576 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its stake in BankUnited by 32.3% in the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Performance

Shares of BKU stock opened at $43.34 on Monday. The stock has a market cap of $3.26 billion, a PE ratio of 12.21 and a beta of 1.34. The stock has a 50-day moving average of $39.18 and a 200-day moving average of $37.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.84. BankUnited has a one year low of $28.21 and a one year high of $43.82.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The firm had revenue of $275.68 million during the quarter, compared to analysts’ expectations of $280.33 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, sell-side analysts expect that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s payout ratio is currently 34.93%.

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.