BankUnited (NYSE:BKU) Price Target Raised to $30.00

BankUnited (NYSE:BKU) had its price target upped by Barclays from $29.00 to $30.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on the company. StockNews.com raised BankUnited from a sell rating to a hold rating in a research note on Monday, April 29th. Royal Bank of Canada lowered their price target on BankUnited from $33.00 to $29.00 and set a sector perform rating for the company in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price target on BankUnited from $35.00 to $33.00 and set a neutral rating for the company in a research report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods lowered their price target on BankUnited from $33.00 to $31.00 and set a market perform rating for the company in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $30.75.

BankUnited Trading Up 2.2 %

NYSE BKU opened at $28.55 on Monday. BankUnited has a 1-year low of $20.84 and a 1-year high of $34.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $28.26 and a 200-day moving average of $28.36. The firm has a market cap of $2.13 billion, a PE ratio of 12.31 and a beta of 1.33.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. The company had revenue of $508.35 million during the quarter, compared to analyst estimates of $239.84 million. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, sell-side analysts forecast that BankUnited will post 2.81 EPS for the current year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.06%. BankUnited’s dividend payout ratio (DPR) is 50.00%.

Insiders Place Their Bets

In related news, Director John N. Digiacomo sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total value of $43,920.00. Following the sale, the director now owns 13,482 shares in the company, valued at approximately $394,752.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in BankUnited by 29.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,209 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 3,003 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in BankUnited by 16.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 1,434 shares during the last quarter. FMR LLC boosted its stake in BankUnited by 23.2% during the 3rd quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock valued at $34,939,000 after purchasing an additional 290,232 shares during the last quarter. Natixis Advisors L.P. boosted its stake in BankUnited by 2.8% during the 3rd quarter. Natixis Advisors L.P. now owns 40,891 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 1,125 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in BankUnited by 129.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 70,116 shares of the financial services provider’s stock valued at $1,592,000 after purchasing an additional 39,507 shares during the last quarter. 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.