BankUnited, Inc. (NYSE:BKU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BankUnited, Inc. (NYSE:BKU) have received an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $27.83.

A number of research analysts recently issued reports on the stock. StockNews.com started coverage on shares of BankUnited in a research report on Thursday, August 17th. They set a “sell” rating for the company. Royal Bank of Canada raised their target price on BankUnited from $25.00 to $29.00 in a report on Wednesday, July 26th. Compass Point boosted their price target on BankUnited from $30.00 to $33.00 in a report on Wednesday, July 26th. 58.com reaffirmed a “maintains” rating on shares of BankUnited in a research note on Thursday, June 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $23.00 to $25.00 in a research note on Thursday, June 29th.

Institutional Trading of BankUnited

A number of institutional investors and hedge funds have recently modified their holdings of BKU. Alberta Investment Management Corp purchased a new position in BankUnited in the 2nd quarter valued at about $976,000. Virginia Retirement Systems ET AL acquired a new stake in shares of BankUnited in the second quarter worth approximately $1,166,000. Teachers Retirement System of The State of Kentucky increased its position in shares of BankUnited by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 25,304 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 1,369 shares in the last quarter. Nuveen Asset Management LLC raised its stake in BankUnited by 44.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 319,688 shares of the financial services provider’s stock valued at $6,889,000 after purchasing an additional 98,775 shares during the last quarter. Finally, Resources Management Corp CT ADV lifted its holdings in BankUnited by 418.3% in the 2nd quarter. Resources Management Corp CT ADV now owns 18,450 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 14,890 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Stock Down 1.9 %

BankUnited stock opened at $24.30 on Friday. The business’s 50-day simple moving average is $26.51 and its two-hundred day simple moving average is $23.76. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.81 billion, a PE ratio of 7.11 and a beta of 1.27. BankUnited has a fifty-two week low of $15.83 and a fifty-two week high of $40.22.

BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. BankUnited had a return on equity of 10.60% and a net margin of 15.26%. The firm had revenue of $488.91 million for the quarter, compared to analyst estimates of $247.56 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities analysts anticipate that BankUnited will post 2.89 EPS for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Thursday, July 13th. BankUnited’s payout ratio is 31.58%.

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.