BankUnited (NYSE:BKU) Price Target Lowered to $44.00 at Hovde Group

BankUnited (NYSE:BKU - Get Free Report) had its price objective reduced by investment analysts at Hovde Group from $46.00 to $44.00 in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Hovde Group's price target suggests a potential upside of 28.86% from the company's current price.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Compass Point increased their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. The Goldman Sachs Group raised their target price on shares of BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. Royal Bank of Canada increased their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, BankUnited has an average rating of "Hold" and an average target price of $43.45.

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BankUnited Trading Down 3.0 %

BKU stock traded down $1.05 during trading on Tuesday, hitting $34.15. The company had a trading volume of 456,613 shares, compared to its average volume of 761,802. The firm has a market capitalization of $2.55 billion, a P/E ratio of 11.09 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. BankUnited has a 52-week low of $24.34 and a 52-week high of $44.45. The company has a 50 day simple moving average of $37.69 and a 200-day simple moving average of $38.01.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results 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 quarter last year, the firm earned $0.26 EPS. As a group, research analysts forecast that BankUnited will post 3.13 earnings per share for the current fiscal year.

Insider Activity

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the business's 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sanjiv Sobti purchased 1,000 shares of the firm's stock in a transaction on 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 acquisition, the director now owns 21,782 shares of the company's stock, valued at approximately $715,103.06. The trade was a 4.81 % increase in their position. 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. Balyasny Asset Management L.P. purchased a new position in shares of BankUnited in the fourth quarter worth about $34,525,000. Freestone Grove Partners LP acquired a new position in BankUnited in the 4th quarter worth approximately $30,499,000. Cramer Rosenthal Mcglynn LLC purchased a new position in BankUnited during the 4th quarter worth approximately $18,663,000. Basswood Capital Management L.L.C. acquired a new stake in BankUnited during the 3rd quarter valued at approximately $17,745,000. Finally, JPMorgan Chase & Co. lifted its stake in BankUnited by 12.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock valued at $107,696,000 after acquiring an additional 322,368 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

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.