BankUnited (NYSE:BKU) Price Target Lowered to $38.00 at Barclays

BankUnited (NYSE:BKU) had its target price lowered by Barclays from $44.00 to $38.00 in a research report report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

Several other research analysts also recently commented on the company. Compass Point raised their target price on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Hovde Group reduced their price objective on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price on the stock in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada raised their price target on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.91.

BankUnited Stock Performance

NYSE BKU opened at $29.24 on Tuesday. The firm has a market cap of $2.19 billion, a P/E ratio of 9.49 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $36.27 and its 200-day moving average is $37.74. BankUnited has a 12-month low of $24.34 and a 12-month high of $44.45.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the previous year, the business posted $0.26 EPS. Sell-side analysts predict that BankUnited will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a $0.31 dividend. This is a boost from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, April 11th. BankUnited’s dividend payout ratio is presently 40.26%.

Insider Activity

In related news, 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 transaction of $113,772.12. Following the transaction, the insider now owns 12,250 shares of the company’s stock, valued at approximately $430,955. This trade represents a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sanjiv Sobti bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the transaction, the director now owns 20,782 shares in the company, valued at $666,478.74. This trade represents a 10.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BKU. Blue Trust Inc. boosted its holdings in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 547 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 410 shares during the last quarter. Versant Capital Management Inc lifted its position in BankUnited by 165.5% in the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited during the fourth quarter valued at approximately $73,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,407 shares during the last quarter. 99.70% of the stock is owned by institutional investors.

About BankUnited

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.