The Goldman Sachs Group Issues Pessimistic Forecast for BankUnited (NYSE:BKU) Stock Price

BankUnited (NYSE:BKU) had its target price lowered by stock analysts at The Goldman Sachs Group from $38.00 to $34.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 2.27% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price on the stock in a report on Tuesday, March 11th. Royal Bank of Canada dropped their price objective on BankUnited from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods decreased their target price on BankUnited from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday. Wells Fargo & Company dropped their price target on BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.55.

BankUnited Trading Up 1.6 %

NYSE BKU opened at $33.24 on Wednesday. The firm has a market capitalization of $2.50 billion, a PE ratio of 10.79 and a beta of 1.20. The business’s 50-day moving average price is $33.23 and its two-hundred day moving average price is $37.23. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited has a 12 month low of $26.78 and a 12 month high of $44.45.

BankUnited (NYSE:BKU) last released its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, analysts expect that BankUnited will post 3.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sanjiv Sobti bought 1,000 shares of BankUnited stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the acquisition, the director now directly owns 21,782 shares of the company’s stock, valued at $715,103.06. This represents a 4.81 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now owns 12,250 shares in the company, valued at approximately $430,955. This represents a 20.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its position in BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after buying an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 410 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of BankUnited by 165.5% during the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BankUnited during the fourth quarter worth about $73,000. Finally, Smartleaf Asset Management LLC increased its position in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,407 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

BankUnited Company Profile

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.