BankUnited (NYSE:BKU) Given New $48.00 Price Target at Barclays

BankUnited (NYSE:BKU) had its price target decreased by stock analysts at Barclays from $50.00 to $48.00 in a note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 2.91% from the company’s current price.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $56.00 price target on shares of BankUnited in a research note on Wednesday, July 15th. Hovde Group reduced their price target on BankUnited from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Raymond James Financial restated an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Finally, Citigroup reduced their target price on BankUnited from $45.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.82.

BankUnited Price Performance

BKU stock opened at $46.64 on Monday. The firm has a market cap of $3.39 billion, a P/E ratio of 12.78 and a beta of 1.18. 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 has a 1 year low of $34.79 and a 1 year high of $52.11. The stock has a 50-day simple moving average of $47.71 and a 200-day simple moving average of $47.09.

BankUnited (NYSE:BKU) last issued its quarterly earnings data 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). The firm had revenue of $284.57 million during the quarter, compared to analyst estimates of $290.33 million. BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, equities analysts predict that BankUnited will post 4.09 earnings per share for the current fiscal year.

Insider Transactions at BankUnited

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

Institutional Trading of BankUnited

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in BankUnited by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock valued at $210,390,000 after purchasing an additional 26,292 shares in the last quarter. State Street Corp lifted its stake in shares of BankUnited by 3.5% in the 4th quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock valued at $197,792,000 after purchasing an additional 149,450 shares during the last quarter. HoldCo Asset Management LP lifted its position in shares of BankUnited by 277.3% in the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock worth $157,568,000 after buying an additional 2,598,382 shares during the last quarter. Wellington Management Group LLP lifted its holdings in BankUnited by 2.8% in the 4th quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock worth $140,654,000 after purchasing an additional 84,971 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in shares of BankUnited in the fourth quarter worth $73,655,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

About BankUnited

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.