BankUnited (NYSE:BKU) Given New $43.00 Price Target at Royal Bank of Canada

BankUnited (NYSE:BKU - Get Free Report) had its price objective lifted by investment analysts at Royal Bank of Canada from $42.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "sector perform" rating on the financial services provider's stock. Royal Bank of Canada's target price points to a potential upside of 5.41% from the stock's current price.

Several other analysts have also recently issued reports on BKU. Compass Point upped their price objective on BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Barclays dropped their target price on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Wells Fargo & Company lifted their price target on BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $43.40.

BankUnited Price Performance

BankUnited stock traded up $0.89 during mid-day trading on Thursday, hitting $40.80. The stock had a trading volume of 1,106,709 shares, compared to its average volume of 857,681. BankUnited has a one year low of $24.34 and a one 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. The firm has a market capitalization of $3.05 billion, a P/E ratio of 13.25 and a beta of 1.38. The firm's 50 day moving average is $39.95 and its 200 day moving average is $37.57.

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 (EPS) for the quarter, beating 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 in the prior year, the company posted $0.26 EPS. On average, sell-side analysts forecast that BankUnited will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at approximately $3,911,000. This trade represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jay D. Richards sold 2,500 shares of the company's stock in a transaction dated 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 sale, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of BankUnited by 9.2% during the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock valued at $193,000 after acquiring an additional 426 shares during the period. Blue Trust Inc. boosted its position in BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after purchasing an additional 547 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in BankUnited by 8.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,914 shares of the financial services provider's stock valued at $378,000 after purchasing an additional 1,043 shares during the period. Nordea Investment Management AB increased its position in shares of BankUnited by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 103,208 shares of the financial services provider's stock valued at $3,950,000 after buying an additional 1,595 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of BankUnited by 87.8% during the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock worth $154,000 after buying an additional 1,883 shares during the period. 99.70% of the stock is owned by institutional investors and hedge funds.

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.