Barclays Has Lowered Expectations for BankUnited (NYSE:BKU) Stock Price

BankUnited (NYSE:BKU - Get Free Report) had its price objective dropped by equities researchers at Barclays from $44.00 to $38.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the financial services provider's stock. Barclays's price target would indicate a potential upside of 28.22% from the company's current price.

A number of other research firms also recently issued reports on BKU. Royal Bank of Canada boosted their price target on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research report on Thursday, January 23rd. StockNews.com cut BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Compass Point raised their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Piper Sandler raised shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. Finally, Hovde Group dropped their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.18.

BankUnited Stock Performance

Shares of BKU stock traded down $0.18 during mid-day trading on Tuesday, hitting $29.64. The stock had a trading volume of 890,877 shares, compared to its average volume of 777,367. BankUnited has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The company's 50-day simple moving average is $35.49 and its 200-day simple moving average is $37.59. The firm has a market cap of $2.22 billion, a PE ratio of 9.62 and a beta of 1.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business earned $0.26 earnings per share. Sell-side analysts anticipate that BankUnited will post 3.13 earnings per share for the current year.

Insider Buying and Selling at BankUnited

In related news, Director Sanjiv Sobti acquired 1,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the transaction, the insider now owns 12,250 shares of the company's stock, valued at $430,955. This trade represents a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Institutional Trading of BankUnited

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of BankUnited by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock valued at $366,392,000 after purchasing an additional 181,493 shares during the period. JPMorgan Chase & Co. lifted its position in BankUnited by 12.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after buying an additional 322,368 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of BankUnited by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider's stock valued at $62,674,000 after buying an additional 20,218 shares during the period. Royce & Associates LP grew its holdings in shares of BankUnited by 3.3% during the 4th quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider's stock valued at $43,889,000 after acquiring an additional 36,328 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of BankUnited during the fourth quarter worth $34,525,000. 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.