BankUnited (NYSE:BKU) Earns “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of BankUnited (NYSE:BKUFree Report) in a research report report published on Monday morning, Benzinga reports. Royal Bank of Canada currently has a $33.00 target price on the financial services provider’s stock.

BKU has been the subject of a number of other reports. The Goldman Sachs Group boosted their target price on BankUnited from $26.00 to $29.00 and gave the company a sell rating in a research report on Monday, December 18th. JPMorgan Chase & Co. cut their price target on shares of BankUnited from $32.00 to $28.00 and set a neutral rating for the company in a research report on Thursday, October 5th. Wedbush cut their price target on shares of BankUnited from $34.00 to $31.00 and set a neutral rating for the company in a research report on Monday. Wells Fargo & Company upped their price target on shares of BankUnited from $26.00 to $28.00 and gave the company an equal weight rating in a research report on Monday. Finally, UBS Group lowered shares of BankUnited from a neutral rating to a sell rating and set a $29.00 target price for the company. in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, BankUnited currently has an average rating of Hold and a consensus target price of $30.50.

Read Our Latest Report on BankUnited

BankUnited Trading Down 6.9 %

NYSE BKU opened at $28.26 on Monday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 11.87 and a beta of 1.40. BankUnited has a twelve month low of $15.83 and a twelve month high of $40.22. The business’s fifty day moving average is $30.24 and its 200 day moving average is $26.75. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.98.

BankUnited (NYSE:BKUGet Free Report) last announced its earnings results on Friday, January 26th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.42). BankUnited had a return on equity of 8.38% and a net margin of 9.19%. The company had revenue of $500.30 million for the quarter, compared to analyst estimates of $244.11 million. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, sell-side analysts expect that BankUnited will post 2.91 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.08 annualized dividend and a yield of 3.82%. BankUnited’s dividend payout ratio (DPR) is presently 45.38%.

Institutional Trading of BankUnited

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its holdings in shares of BankUnited by 83.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 1,327 shares during the last quarter. US Bancorp DE raised its holdings in BankUnited by 347.0% in the 1st quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 2,762 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 2,000 shares during the last quarter. Covestor Ltd raised its holdings in BankUnited by 107.0% in the 2nd quarter. Covestor Ltd now owns 4,010 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 2,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in BankUnited by 42.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,448 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 1,322 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for BankUnited (NYSE:BKU)

Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter.