BankUnited, Inc. (NYSE:BKU - Get Free Report) has been given an average rating of "Hold" by the eleven analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $41.36.
BKU has been the topic of several analyst reports. Compass Point increased their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group increased their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, November 26th. Royal Bank of Canada restated a "sector perform" rating and set a $37.00 target price on shares of BankUnited in a report on Wednesday, October 23rd. Barclays decreased their price target on BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Finally, Keefe, Bruyette & Woods raised their price objective on BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.
View Our Latest Research Report on BKU
Insider Buying and Selling at BankUnited
In related news, COO Thomas M. Cornish sold 10,778 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at approximately $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the transaction, the insider now directly owns 34,687 shares of the company's stock, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.19% of the company's stock.
Institutional Investors Weigh In On BankUnited
Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of BankUnited by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider's stock valued at $134,144,000 after acquiring an additional 315,872 shares in the last quarter. Millennium Management LLC lifted its stake in BankUnited by 49.2% during the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider's stock worth $65,778,000 after purchasing an additional 740,896 shares during the period. Geode Capital Management LLC boosted its holdings in BankUnited by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider's stock valued at $62,674,000 after purchasing an additional 20,218 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of BankUnited by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider's stock valued at $31,659,000 after purchasing an additional 236,174 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of BankUnited by 6.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider's stock valued at $24,163,000 after purchasing an additional 39,797 shares during the period. Institutional investors own 99.70% of the company's stock.
BankUnited Trading Up 2.2 %
Shares of BKU traded up $0.82 during midday trading on Friday, hitting $38.74. The stock had a trading volume of 680,150 shares, compared to its average volume of 955,625. BankUnited has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.90 billion, a P/E ratio of 15.88 and a beta of 1.38. The business has a 50-day simple moving average of $39.57 and a two-hundred day simple moving average of $36.48.
BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The firm had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, equities analysts forecast that BankUnited will post 2.89 EPS for the current year.
BankUnited Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.99%. The ex-dividend date is Friday, January 10th. BankUnited's payout ratio is currently 47.54%.
About BankUnited
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Get Free ReportBankUnited, 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.
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