BankUnited (NYSE:BKU) Price Target Lowered to $31.00 at Keefe, Bruyette & Woods

BankUnited (NYSE:BKU) had its price target reduced by equities researchers at Keefe, Bruyette & Woods from $33.00 to $31.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 15.97% from the stock’s previous close.

A number of other equities analysts have also recently commented on BKU. StockNews.com cut BankUnited from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Wells Fargo & Company boosted their price target on BankUnited from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. UBS Group cut BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 price target for the company. in a report on Monday, January 8th. Citigroup reduced their price objective on BankUnited from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Finally, Barclays began coverage on BankUnited in a research report on Friday, March 8th. They set an “equal weight” rating and a $29.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, BankUnited currently has an average rating of “Hold” and an average target price of $30.50.

BankUnited Price Performance

Shares of NYSE BKU opened at $26.73 on Thursday. The stock has a market capitalization of $2.00 billion, a PE ratio of 11.52 and a beta of 1.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.92. The business has a fifty day moving average price of $26.79 and a two-hundred day moving average price of $26.99. BankUnited has a fifty-two week low of $15.83 and a fifty-two week high of $34.22.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, topping 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 analysts’ expectations of $239.84 million. During the same quarter in the previous year, the firm earned $0.70 EPS. As a group, equities analysts predict that BankUnited will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling at BankUnited

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total value of $62,106.30. Following the sale, the insider now owns 11,750 shares in the company, valued at approximately $319,365. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On BankUnited

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in BankUnited during the 4th quarter worth approximately $31,064,000. State Street Corp raised its stake in BankUnited by 13.8% during the 2nd quarter. State Street Corp now owns 5,465,511 shares of the financial services provider’s stock worth $117,782,000 after buying an additional 660,759 shares during the period. Jennison Associates LLC raised its stake in BankUnited by 54.3% during the 4th quarter. Jennison Associates LLC now owns 1,459,268 shares of the financial services provider’s stock worth $47,324,000 after buying an additional 513,342 shares during the period. Hsbc Holdings PLC raised its stake in BankUnited by 175.2% during the 1st quarter. Hsbc Holdings PLC now owns 540,367 shares of the financial services provider’s stock worth $23,814,000 after buying an additional 343,997 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in BankUnited by 86.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 733,437 shares of the financial services provider’s stock worth $32,242,000 after buying an additional 340,604 shares during the period. Institutional investors own 99.70% of the company’s stock.

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.