BankUnited (NYSE:BKU) Stock Price Target Lowered at Piper Sandler

BankUnited (NYSE:BKU) had its price target lowered by equities researchers at Piper Sandler from $47.00 to $44.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler‘s target price indicates a potential upside of 2.96% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of BankUnited in a report on Wednesday, July 22nd. Barclays lowered their target price on BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada dropped their target price on BankUnited from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, October 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research note on Wednesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, BankUnited presently has a consensus rating of “Hold” and a consensus target price of $48.91.

BankUnited Trading Down 1.6%

Shares of BKU traded down $0.71 during mid-day trading on Wednesday, hitting $42.74. 73,681 shares of the company traded hands, compared to its average volume of 896,167. BankUnited has a one year low of $38.01 and a one year high of $52.11. The business has a 50-day moving average of $44.12 and a 200 day moving average of $46.33. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 11.52 and a beta of 1.20.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.03. The company had revenue of $280.44 million during the quarter, compared to analyst estimates of $292.50 million. During the same period in the prior year, the business earned $0.95 EPS. As a group, analysts anticipate that BankUnited will post 3.95 earnings per share for the current year.

Insider Activity at BankUnited

In other BankUnited news, Director Douglas Pauls sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total value of $143,700.00. Following the transaction, the director directly owned 42,472 shares of the company’s stock, valued at approximately $2,034,408.80. This trade represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of BankUnited

A number of institutional investors have recently bought and sold shares of BKU. Farther Finance Advisors LLC raised its position in shares of BankUnited by 62.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 690 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 266 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of BankUnited by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,996 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 376 shares during the last quarter. IFP Advisors Inc grew its stake in shares of 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 period. Allworth Financial LP acquired a new stake in shares of BankUnited during the second quarter worth $26,000. Finally, KBC Group NV grew its stake in shares of BankUnited by 35.5% during the first quarter. KBC Group NV now owns 2,933 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 768 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

About BankUnited

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a full-service commercial bank headquartered in Miami Lakes, Florida. The company provides banking and financial services to businesses, institutions and individual customers, with an emphasis on commercial banking.

BankUnited offers commercial and industrial loans, commercial real estate and multifamily financing, residential lending, mortgage warehouse facilities, consumer loans and deposit products. Its services also include treasury management, cash management, online and mobile banking, wealth management and other financial solutions designed to support business and personal banking needs.

The bank primarily serves customers in Florida and the New York metropolitan area, while its commercial banking activities extend to selected markets in other parts of the United States.