BankUnited, Inc. (NYSE:BKU) had its target price reduced by Deutsche Bank AG from $42.00 to $40.00 in a report published on Wednesday morning. Deutsche Bank AG currently has a hold rating on the financial services provider’s stock.

BKU has been the topic of a number of other reports. Zacks Investment Research lowered BankUnited from a hold rating to a sell rating in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $41.00 price objective on shares of BankUnited in a research note on Thursday, September 28th. Barclays PLC reaffirmed an overweight rating and issued a $41.00 price objective (up from $38.00) on shares of BankUnited in a research note on Wednesday, July 12th. J P Morgan Chase & Co lowered BankUnited from a neutral rating to an underweight rating and set a $35.00 price objective on the stock. in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded BankUnited from a sell rating to a strong sell rating in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $40.27.

Shares of BankUnited (BKU) opened at $32.98 on Wednesday. BankUnited has a 12 month low of $30.37 and a 12 month high of $41.00. The company has a market capitalization of $3,493.03, a PE ratio of 13.74, a PEG ratio of 1.54 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same period in the previous year, the firm earned $0.47 earnings per share. sell-side analysts anticipate that BankUnited will post 2.39 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.55%. BankUnited’s dividend payout ratio is 35.29%.

In other news, Chairman John Adam Kanas sold 78,190 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the completion of the sale, the chairman now owns 565,076 shares in the company, valued at $18,749,221.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its holdings in shares of BankUnited by 7.4% during the second quarter. Comerica Bank now owns 224,682 shares of the financial services provider’s stock valued at $7,451,000 after acquiring an additional 15,437 shares in the last quarter. Moody Aldrich Partners LLC increased its holdings in shares of BankUnited by 31.6% during the second quarter. Moody Aldrich Partners LLC now owns 24,005 shares of the financial services provider’s stock valued at $809,000 after acquiring an additional 5,770 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of BankUnited by 3.6% during the second quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock valued at $295,602,000 after acquiring an additional 300,744 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of BankUnited by 1.9% during the second quarter. Victory Capital Management Inc. now owns 1,581,056 shares of the financial services provider’s stock valued at $53,297,000 after acquiring an additional 30,213 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of BankUnited by 55.4% during the second quarter. Canada Pension Plan Investment Board now owns 28,600 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 10,200 shares in the last quarter. Hedge funds and other institutional investors own 98.48% 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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