BankUnited, Inc. (NYSE:BKU) Receives $43.40 Consensus Price Target from Analysts

Shares of BankUnited, Inc. (NYSE:BKU) have earned an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $43.40.

BKU has been the topic of several research reports. Royal Bank of Canada boosted their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Compass Point lifted their price objective on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price objective on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Barclays decreased their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th.

BankUnited Price Performance

BKU opened at $37.19 on Friday. The stock has a market cap of $2.78 billion, a P/E ratio of 12.07 and a beta of 1.37. BankUnited has a 12 month low of $24.34 and a 12 month high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $39.35 and a 200 day simple moving average of $38.36.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the company earned $0.26 EPS. On average, research analysts expect that BankUnited will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.12%. BankUnited’s dividend payout ratio (DPR) is currently 37.66%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKU. CWM LLC grew its stake in shares of BankUnited by 118.3% in the third quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 2,280 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of BankUnited by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock worth $31,659,000 after purchasing an additional 236,174 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of BankUnited by 25.8% during the third quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 2,267 shares during the period. Versor Investments LP acquired a new stake in shares of BankUnited in the third quarter valued at approximately $302,000. Finally, GSA Capital Partners LLP bought a new stake in shares of BankUnited in the third quarter valued at approximately $257,000. 99.70% of the stock is 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.