BankUnited (NYSE:BKU) PT Raised to $38.00

BankUnited (NYSE:BKU) had its price objective raised by Wells Fargo & Company from $35.00 to $38.00 in a report published on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. Wedbush increased their price target on BankUnited from $39.00 to $40.00 and gave the stock a neutral rating in a research report on Tuesday, September 24th. Citigroup reduced their price target on BankUnited from $42.00 to $39.00 and set a neutral rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada boosted their price target on BankUnited from $29.00 to $31.00 and gave the company a sector perform rating in a report on Tuesday, July 9th. Barclays raised their price objective on shares of BankUnited from $35.00 to $39.00 and gave the stock an equal weight rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $34.50 to $41.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, BankUnited currently has an average rating of Hold and a consensus target price of $35.80.

BankUnited Stock Performance

Shares of BankUnited stock opened at $35.70 on Tuesday. The company has a 50 day moving average price of $36.44 and a 200 day moving average price of $31.44. The firm has a market capitalization of $2.67 billion, a P/E ratio of 15.39 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. BankUnited has a 52 week low of $21.02 and a 52 week high of $39.51.

BankUnited (NYSE:BKU) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The firm had revenue of $250.20 million for the quarter, compared to the consensus estimate of $243.65 million. During the same period in the prior year, the firm earned $0.78 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Sell-side analysts expect that BankUnited will post 2.88 EPS for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a $0.29 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.25%. BankUnited’s dividend payout ratio (DPR) is 50.00%.

Insider Transactions at BankUnited

In other news, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $36.50, for a total value of $127,750.00. Following the transaction, the director now directly owns 43,654 shares of the company’s stock, valued at approximately $1,593,371. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the completion of the sale, the director now owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $36.50, for a total transaction of $127,750.00. Following the sale, the director now owns 43,654 shares of the company’s stock, valued at approximately $1,593,371. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,507 shares of company stock valued at $802,400 over the last ninety days. Insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

Hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in BankUnited by 307.6% in the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,455 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of BankUnited in the 1st quarter valued at $57,000. Meeder Asset Management Inc. purchased a new position in shares of BankUnited during the 2nd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BankUnited during the 2nd quarter worth $169,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of BankUnited during the 2nd quarter worth about $175,000. Hedge funds and other institutional investors 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.