BankUnited, Inc. (NYSE:BKU) Receives $43.18 Consensus Price Target from Analysts

BankUnited, Inc. (NYSE:BKU - Get Free Report) has received a consensus recommendation of "Hold" from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.18.

A number of equities research analysts have recently commented on the company. Compass Point raised their target price on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their target price on BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group raised their target price on BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. Finally, Barclays lowered their price objective on BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th.

BankUnited Stock Performance

BKU traded down $0.05 during midday trading on Wednesday, hitting $34.59. 1,655,204 shares of the company were exchanged, compared to its average volume of 708,130. The company's 50 day simple moving average is $38.06 and its 200 day simple moving average is $38.05. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 11.23 and a beta of 1.40. 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 1-year low of $24.34 and a 1-year high of $44.45.

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BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, sell-side analysts predict that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Friday, January 10th. BankUnited's payout ratio is presently 37.66%.

Insider Activity

In other news, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction that occurred on 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 owns 12,250 shares of the company's stock, valued at approximately $430,955. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sanjiv Sobti bought 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $32.07 per share, for a total transaction of $64,140.00. Following the transaction, the director now owns 20,782 shares of the company's stock, valued at $666,478.74. This trade represents a 10.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.19% of the company's stock.

Institutional Trading of BankUnited

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpha DNA Investment Management LLC purchased a new stake in BankUnited in the third quarter valued at approximately $443,000. Principal Financial Group Inc. increased its position in shares of BankUnited by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock worth $13,836,000 after acquiring an additional 10,064 shares during the period. Proficio Capital Partners LLC purchased a new position in BankUnited in the fourth quarter valued at $766,000. SG Americas Securities LLC increased its holdings in BankUnited by 462.0% during the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock worth $1,067,000 after purchasing an additional 22,981 shares during the period. Finally, BNP Paribas Financial Markets raised its position in BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider's stock valued at $2,172,000 after purchasing an additional 40,461 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

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.