BankUnited, Inc. (NYSE:BKU) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BankUnited, Inc. (NYSE:BKU) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $43.40.

BKU has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays decreased their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Compass Point lifted their price objective on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BKU. CWM LLC raised its position in BankUnited by 118.3% in the 3rd quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 2,280 shares during the last quarter. Assenagon Asset Management S.A. raised its position in BankUnited by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock worth $31,659,000 after purchasing an additional 236,174 shares during the last quarter. Wolverine Asset Management LLC raised its position in BankUnited by 25.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 2,267 shares during the last quarter. Versor Investments LP bought a new position in BankUnited in the 3rd quarter worth approximately $302,000. Finally, GSA Capital Partners LLP bought a new position in BankUnited in the 3rd quarter worth approximately $257,000. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Down 4.2 %

BKU stock opened at $37.81 on Friday. BankUnited has a twelve month low of $24.34 and a twelve month high of $44.45. The company has a market cap of $2.83 billion, a PE ratio of 12.27 and a beta of 1.37. The business’s 50-day simple moving average is $39.48 and its 200 day simple moving average is $38.27. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) last released its 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 quarter in the prior year, the firm earned $0.26 EPS. On average, research analysts anticipate that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s payout ratio is currently 37.66%.

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.