BankUnited, Inc. (NYSE:BKU) Receives Average Recommendation of "Hold" from Analysts

BankUnited, Inc. (NYSE:BKU - Get Free Report) has received an average recommendation of "Hold" from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $42.18.

BKU has been the topic of several analyst reports. Barclays dropped their price objective on BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their price target on shares of BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a report on Thursday, January 23rd. StockNews.com lowered shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a research note on Tuesday, March 11th. Finally, Hovde Group cut their price objective on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th.

BankUnited Stock Down 0.4 %

NYSE:BKU traded down $0.13 during trading hours on Friday, hitting $30.69. The stock had a trading volume of 98,489 shares, compared to its average volume of 776,883. The company has a market cap of $2.31 billion, a PE ratio of 10.01 and a beta of 1.20. The business has a 50 day simple moving average of $34.86 and a two-hundred day simple moving average of $37.47. BankUnited has a 1-year low of $24.48 and a 1-year high of $44.45. 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 (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the company posted $0.26 EPS. Analysts predict that BankUnited will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be paid a $0.31 dividend. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 4.04%. BankUnited's dividend payout ratio is presently 40.26%.

Insider Activity at BankUnited

In related news, Director Sanjiv Sobti purchased 1,000 shares of BankUnited stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now owns 21,782 shares in the company, valued at approximately $715,103.06. The trade was a 4.81 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. The trade was a 20.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.

Institutional Trading of BankUnited

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after acquiring an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares in the last quarter. Versant Capital Management Inc raised its holdings in BankUnited by 165.5% during the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock worth $65,000 after buying an additional 1,175 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BankUnited during the fourth quarter valued at about $73,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after buying an additional 1,407 shares during the period. 99.70% of the stock is currently owned by institutional investors.

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.