BankUnited (NYSE:BKU) PT Raised to $39.00 at Barclays

BankUnited (NYSE:BKU) had its price objective upped by Barclays from $35.00 to $39.00 in a research report released on Friday, Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other analysts have also recently commented on BKU. Citigroup reduced their price objective on BankUnited from $42.00 to $39.00 and set a neutral rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. increased their price objective on shares of BankUnited from $34.50 to $41.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Wedbush boosted their target price on shares of BankUnited from $39.00 to $40.00 and gave the company a neutral rating in a research report on Tuesday, September 24th. Wells Fargo & Company increased their price target on shares of BankUnited from $32.00 to $35.00 and gave the stock an equal weight rating in a research report on Monday, July 22nd. Finally, Hovde Group boosted their price objective on shares of BankUnited from $33.00 to $41.00 and gave the company an outperform rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $35.50.

BankUnited Trading Up 2.5 %

NYSE:BKU opened at $36.44 on Friday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 15.71 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average price is $36.60 and its 200-day moving average price is $31.33. BankUnited has a 52 week low of $20.84 and a 52 week high of $39.51.

BankUnited (NYSE:BKU) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The business had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $243.65 million. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that BankUnited will post 2.88 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, October 11th. BankUnited’s payout ratio is currently 50.00%.

Insider Transactions at BankUnited

In other news, Director William S. Rubenstein sold 7,864 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total transaction of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares in the company, valued at $396,576.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jay D. Richards sold 10,143 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $36.61, for a total value of $371,335.23. Following the sale, the insider now directly owns 37,187 shares in the company, valued at approximately $1,361,416.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the completion of the transaction, the director now directly owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,507 shares of company stock valued at $802,400. 1.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BankUnited

Institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd lifted its holdings in shares of BankUnited by 0.9% in the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock worth $1,012,000 after acquiring an additional 303 shares during the last quarter. Arizona State Retirement System grew its stake in shares of BankUnited by 1.9% during the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after buying an additional 379 shares during the last quarter. Natixis Advisors LLC increased its stake in BankUnited by 1.0% in the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 497 shares during the period. Louisiana State Employees Retirement System lifted its holdings in BankUnited by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 800 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of BankUnited by 6.8% during the first quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 807 shares in 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.