Analysts Set BankUnited, Inc. (NYSE:BKU) Price Target at $41.36

Shares of BankUnited, Inc. (NYSE:BKU) have been assigned an average rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $42.60.

Several brokerages have recently issued reports on BKU. Wedbush increased their price target on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. The Goldman Sachs Group raised their price target on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Compass Point lifted their target price on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Citigroup lowered their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th.

Insider Buying and Selling

In related news, insider Jay D. Richards sold 2,500 shares of BankUnited stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the sale, the insider now directly owns 34,687 shares in the company, valued at $1,428,410.66. This trade represents a 6.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. This represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd boosted its holdings in shares of BankUnited by 0.9% in the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 303 shares during the period. Arizona State Retirement System raised its position in BankUnited by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 379 shares during the last quarter. GAMMA Investing LLC boosted its stake in BankUnited by 9.2% during the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 426 shares during the period. Natixis Advisors LLC grew its position in BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 497 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in BankUnited by 8.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,914 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 1,043 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Stock Performance

NYSE:BKU opened at $38.36 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 15.72 and a beta of 1.38. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88. BankUnited has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The company has a 50 day moving average price of $39.69 and a 200 day moving average price of $36.75.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. The business had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. During the same period in the previous year, the firm posted $0.63 earnings per share. Equities research analysts forecast that BankUnited will post 2.89 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, January 10th. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

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.