BankUnited, Inc. (NYSE:BKU) Receives $37.40 Consensus PT from Brokerages

BankUnited, Inc. (NYSE:BKU - Get Free Report) has earned an average rating of "Hold" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $37.40.

BKU has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of BankUnited from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $38.00 to $48.00 in a research note on Wednesday. Barclays lifted their price target on shares of BankUnited from $35.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Friday, September 27th. Wedbush raised their target price on BankUnited from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. Citigroup lowered their target price on BankUnited from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised their price objective on BankUnited from $34.50 to $41.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 23rd.

BankUnited Stock Performance

NYSE:BKU traded up $0.37 during trading hours on Thursday, reaching $40.67. The company had a trading volume of 611,937 shares, compared to its average volume of 820,182. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 16.67 and a beta of 1.33. 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's 50 day moving average price is $36.41 and its 200-day moving average price is $33.51. BankUnited has a 52 week low of $24.34 and a 52 week high of $41.65.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, analysts forecast that BankUnited will post 2.85 EPS for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.85%. BankUnited's dividend payout ratio is 47.54%.

Insider Buying and Selling at BankUnited

In related news, COO Thomas M. Cornish sold 10,778 shares of the firm's stock in a transaction on Friday, November 8th. The shares were 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 of the company's stock, valued at approximately $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BankUnited

Several large investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp increased its position in shares of BankUnited by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 65,090 shares of the financial services provider's stock valued at $1,823,000 after purchasing an additional 896 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of BankUnited by 887.1% during the 1st quarter. SG Americas Securities LLC now owns 66,403 shares of the financial services provider's stock worth $1,859,000 after purchasing an additional 59,676 shares during the period. Inspire Investing LLC grew its holdings in BankUnited by 6.8% during the 1st quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider's stock valued at $354,000 after purchasing an additional 807 shares during the last quarter. Headlands Technologies LLC bought a new stake in BankUnited in the first quarter worth about $57,000. Finally, Russell Investments Group Ltd. boosted its position in shares of BankUnited by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider's stock valued at $3,160,000 after buying an additional 906 shares during the period. 99.70% of the stock is 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.