BankUnited (NYSE:BKU) Price Target Cut to $60.00 by Analysts at Jefferies Financial Group

BankUnited (NYSE:BKU) had its price target reduced by Jefferies Financial Group from $65.00 to $60.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on BKU. Piper Sandler upped their target price on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on shares of BankUnited from $48.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 22nd. Susquehanna raised shares of BankUnited to a “positive” rating in a research note on Wednesday, January 21st. Hovde Group reissued an “outperform” rating and issued a $51.00 target price on shares of BankUnited in a research note on Monday, December 8th. Finally, Keefe, Bruyette & Woods boosted their target price on BankUnited from $42.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.45.

BankUnited Price Performance

Shares of BankUnited stock opened at $47.97 on Monday. The stock has a market capitalization of $3.60 billion, a P/E ratio of 13.55 and a beta of 1.30. The business has a 50 day simple moving average of $45.66 and a two-hundred day simple moving average of $41.01. BankUnited has a 12 month low of $28.21 and a 12 month high of $52.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.83.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.The firm had revenue of $288.20 million during the quarter, compared to analysts’ expectations of $279.76 million. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, analysts predict that BankUnited will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.6%. BankUnited’s dividend payout ratio (DPR) is currently 35.03%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bayforest Capital Ltd boosted its holdings in BankUnited by 32.3% in the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 271 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of BankUnited by 23.5% in the third quarter. Smartleaf Asset Management LLC now owns 1,452 shares of the financial services provider’s stock valued at $55,000 after buying an additional 276 shares in the last quarter. Arizona State Retirement System grew its holdings in BankUnited by 1.4% during the third quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 298 shares during the period. Maryland State Retirement & Pension System raised its position in BankUnited by 1.4% in the second quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 304 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in BankUnited by 1.2% in the second quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 337 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.