Piper Sandler Upgrades BankUnited (NYSE:BKU) to “Overweight”

BankUnited (NYSE:BKU) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm currently has a $41.00 target price on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 30.49% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. StockNews.com raised shares of BankUnited from a “hold” rating to a “buy” rating in a report on Monday. Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company upped their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Barclays dropped their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. One 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.18.

BankUnited Stock Performance

Shares of NYSE BKU opened at $31.42 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited has a 12 month low of $24.34 and a 12 month high of $44.45. The company has a 50 day simple moving average of $38.96 and a two-hundred day simple moving average of $38.35. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 10.20 and a beta of 1.40.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter last year, the business posted $0.26 earnings per share. As a group, analysts predict that BankUnited will post 3.13 earnings per share for the current year.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now directly owns 12,250 shares in the company, valued at $430,955. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

A number of institutional investors and hedge funds have recently bought and sold shares of BKU. Wolverine Asset Management LLC increased its stake in BankUnited by 25.8% during the third quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 2,267 shares during the period. Versor Investments LP purchased a new stake in shares of BankUnited during the third quarter worth approximately $302,000. GSA Capital Partners LLP purchased a new stake in shares of BankUnited during the third quarter worth approximately $257,000. Aigen Investment Management LP purchased a new stake in shares of BankUnited during the third quarter worth approximately $257,000. Finally, Quest Partners LLC purchased a new stake in shares of BankUnited during the third quarter worth approximately $825,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Company Profile

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.