BankUnited (NYSE:BKU) PT Raised to $35.00

BankUnited (NYSE:BKU) had its price objective upped by research analysts at Barclays from $30.00 to $35.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential downside of 8.08% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on BKU. Royal Bank of Canada increased their target price on shares of BankUnited from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of BankUnited from $33.00 to $34.50 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. StockNews.com upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Wells Fargo & Company raised their price target on shares of BankUnited from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Finally, Hovde Group raised their price target on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.27.

BankUnited Stock Up 2.0 %

BKU stock opened at $38.08 on Monday. BankUnited has a 12-month low of $20.84 and a 12-month high of $38.50. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 16.41 and a beta of 1.35. The company has a 50 day moving average of $29.70 and a two-hundred day moving average of $28.32.

BankUnited (NYSE:BKU) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The company had revenue of $250.20 million during the quarter, compared to the consensus estimate of $243.65 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that BankUnited will post 2.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John N. Digiacomo sold 1,500 shares of BankUnited stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the transaction, the director now owns 13,482 shares in the company, valued at approximately $394,752.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the sale, the director now directly 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 the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total transaction of $127,750.00. Following the completion of the sale, the director now owns 43,654 shares in the company, valued at $1,593,371. The disclosure for this sale can be found here. Insiders have sold 15,143 shares of company stock worth $543,005 in the last quarter. 1.19% of the stock is currently owned by company insiders.

Institutional Trading of BankUnited

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of BankUnited by 307.6% during the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,455 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of BankUnited during the 1st quarter valued at about $57,000. Nisa Investment Advisors LLC boosted its position in shares of BankUnited by 106.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of BankUnited during the 4th quarter valued at about $147,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of BankUnited during the 4th quarter valued at about $238,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

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.