BankUnited (NYSE:BKU) Stock Gets Price Target Reduction from Cantor Fitzgerald

BankUnited (NYSE:BKU) had its price target reduced by Cantor Fitzgerald from $54.00 to $52.00 in a report published on Wednesday, MarketBeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on BankUnited from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Monday, August 3rd. Citigroup restated a “sell” rating on shares of BankUnited in a research note on Tuesday, September 22nd. Royal Bank Of Canada cut their price objective on BankUnited from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Zacks Research lowered BankUnited from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of BankUnited in a research note on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, BankUnited currently has an average rating of “Hold” and a consensus target price of $49.45.

BankUnited Stock Down 0.2%

Shares of NYSE BKU opened at $41.93 on Wednesday. The stock has a market capitalization of $2.99 billion, a PE ratio of 11.49 and a beta of 1.20. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $44.75 and a 200-day moving average of $46.31. BankUnited has a 52-week low of $35.42 and a 52-week high of $52.11.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.03). The firm had revenue of $284.57 million during the quarter, compared to analysts’ expectations of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. On average, analysts anticipate that BankUnited will post 3.99 EPS for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 9th. BankUnited’s dividend payout ratio (DPR) is currently 36.16%.

Insider Activity at BankUnited

In related news, Director Douglas Pauls sold 3,000 shares of BankUnited stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total transaction of $143,700.00. Following the transaction, the director owned 42,472 shares in the company, valued at approximately $2,034,408.80. The trade was a 6.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of BankUnited

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in BankUnited by 62.7% in the third quarter. Farther Finance Advisors LLC now owns 690 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 266 shares during the period. GAMMA Investing LLC lifted its stake in shares of BankUnited by 5.7% during the third quarter. GAMMA Investing LLC now owns 6,996 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 376 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of BankUnited by 85.4% during the second quarter. IFP Advisors Inc now owns 938 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 432 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of BankUnited in the second quarter worth about $26,000. Finally, KBC Group NV boosted its position in shares of BankUnited by 35.5% in the first quarter. KBC Group NV now owns 2,933 shares of the financial services provider’s stock worth $132,000 after buying an additional 768 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Company Profile

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a regional financial institution headquartered in Miami Lakes, Florida. The bank serves businesses, professionals, institutions and individual consumers through a range of commercial and personal banking products.

BankUnited’s offerings include commercial and industrial lending, commercial real estate financing, residential mortgage warehouse lending, consumer loans, checking and savings accounts, certificates of deposit, and treasury management services.