BankUnited (NYSE:BKU) Price Target Raised to $34.50 at JPMorgan Chase & Co.

BankUnited (NYSE:BKUFree Report) had its price target lifted by JPMorgan Chase & Co. from $33.00 to $34.50 in a research note released on Thursday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

BKU has been the subject of a number of other reports. StockNews.com upgraded shares of BankUnited from a sell rating to a hold rating in a report on Monday, April 29th. Royal Bank of Canada decreased their target price on BankUnited from $33.00 to $29.00 and set a sector perform rating for the company in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods dropped their price target on BankUnited from $33.00 to $31.00 and set a market perform rating on the stock in a research report on Thursday, April 18th. Finally, Barclays increased their price objective on BankUnited from $29.00 to $30.00 and gave the company an equal weight rating in a research report on Monday, June 24th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $30.75.

Read Our Latest Stock Report on BKU

BankUnited Stock Up 2.5 %

Shares of BKU stock opened at $29.27 on Thursday. The stock’s 50 day simple moving average is $28.31 and its 200 day simple moving average is $28.33. BankUnited has a twelve month low of $20.84 and a twelve month high of $34.22. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 12.62 and a beta of 1.33.

BankUnited (NYSE:BKUGet Free Report) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $508.35 million for the quarter, compared to analyst estimates of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same quarter last year, the firm posted $0.70 earnings per share. As a group, research analysts predict that BankUnited will post 2.78 EPS for the current year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 annualized dividend and a yield of 3.96%. BankUnited’s dividend payout ratio (DPR) is currently 50.00%.

Insiders Place Their Bets

In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the sale, the director now owns 13,482 shares of the company’s stock, valued at approximately $394,752.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On BankUnited

Several large investors have recently modified their holdings of BKU. Inspire Investing LLC lifted its position in shares of BankUnited by 6.8% during the 1st quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock worth $354,000 after buying an additional 807 shares during the period. Texas Permanent School Fund Corp raised its stake in BankUnited by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 65,090 shares of the financial services provider’s stock worth $1,823,000 after acquiring an additional 896 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of BankUnited by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider’s stock valued at $3,160,000 after acquiring an additional 906 shares during the period. ProShare Advisors LLC boosted its stake in shares of BankUnited by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 15,002 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of BankUnited by 2.8% in the 3rd quarter. Natixis Advisors L.P. now owns 40,891 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 1,125 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors.

About BankUnited

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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.

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