BankUnited, Inc. (NYSE:BKU) Receives $44.38 Consensus PT from Analysts

Shares of BankUnited, Inc. (NYSE:BKUGet Rating) have earned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $44.38.

A number of brokerages recently weighed in on BKU. Compass Point decreased their price objective on shares of BankUnited to $40.00 in a report on Thursday, October 20th. StockNews.com started coverage on shares of BankUnited in a report on Wednesday, October 12th. They set a “hold” rating for the company.

BankUnited Price Performance

BKU stock opened at $36.47 on Friday. BankUnited has a 12 month low of $33.54 and a 12 month high of $46.75. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.13. The company has a 50-day moving average price of $35.92 and a 200 day moving average price of $37.28. The stock has a market cap of $2.82 billion, a PE ratio of 8.81 and a beta of 1.21.

BankUnited (NYSE:BKUGet Rating) last announced its quarterly earnings data on Thursday, October 20th. The financial services provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. BankUnited had a net margin of 29.75% and a return on equity of 12.71%. During the same quarter last year, the business posted $0.94 earnings per share. Equities research analysts anticipate that BankUnited will post 3.75 earnings per share for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were issued a $0.25 dividend. The ex-dividend date was Thursday, October 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.74%. BankUnited’s dividend payout ratio is currently 24.15%.

Insider Activity

In other news, Director A. Gail Prudenti sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $37.26, for a total value of $167,670.00. Following the completion of the sale, the director now owns 9,729 shares in the company, valued at approximately $362,502.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of BankUnited during the 1st quarter worth approximately $30,000. Infini Capital Management Ltd bought a new position in shares of BankUnited during the 2nd quarter worth approximately $71,000. Eagle Bay Advisors LLC raised its stake in shares of BankUnited by 73.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,496 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 1,060 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of BankUnited during the 2nd quarter worth approximately $128,000. Finally, US Bancorp DE raised its stake in shares of BankUnited by 347.0% during 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 in the last quarter. Institutional investors own 93.77% of the company’s stock.

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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Analyst Recommendations for BankUnited (NYSE:BKU)

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