BankUnited (NYSE:BKU) Price Target Lowered to $53.00 at Barclays

BankUnited (NYSE:BKU) had its target price reduced by Barclays from $55.00 to $53.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Hovde Group reissued an “outperform” rating and issued a $51.00 target price on shares of BankUnited in a research report on Monday, December 8th. Piper Sandler boosted their target price on shares of BankUnited from $42.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Jefferies Financial Group reduced their target price on shares of BankUnited from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their target price on shares of BankUnited from $48.00 to $53.00 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.82.

BankUnited Stock Down 0.7%

BankUnited stock opened at $45.71 on Tuesday. The stock has a market cap of $3.37 billion, a P/E ratio of 12.91 and a beta of 1.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.51. BankUnited has a twelve month low of $28.49 and a twelve month high of $52.11. The company’s 50-day moving average price is $46.71 and its two-hundred day moving average price is $43.82.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $260.80 million for the quarter, compared to analysts’ expectations of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same period in the prior year, the firm earned $0.91 EPS. As a group, analysts expect that BankUnited will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 10th will be given a dividend of $0.33 per share. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is currently 35.03%.

Insider Transactions at BankUnited

In other news, Director Sanjiv Sobti sold 5,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $50.88, for a total value of $254,400.00. Following the completion of the transaction, the director owned 18,816 shares of the company’s stock, valued at approximately $957,358.08. This represents a 20.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay D. Richards sold 3,506 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $49.83, for a total transaction of $174,703.98. Following the completion of the transaction, the insider directly owned 35,687 shares of the company’s stock, valued at $1,778,283.21. This trade represents a 8.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,953 shares of company stock valued at $591,492. 1.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of BankUnited by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,632,552 shares of the financial services provider’s stock valued at $206,472,000 after buying an additional 36,097 shares during the period. State Street Corp increased its stake in shares of BankUnited by 3.5% in the fourth quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock valued at $197,792,000 after buying an additional 149,450 shares during the period. HoldCo Asset Management LP increased its stake in shares of BankUnited by 277.3% in the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock valued at $157,568,000 after buying an additional 2,598,382 shares during the period. Wellington Management Group LLP increased its stake in shares of BankUnited by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock valued at $140,654,000 after buying an additional 84,971 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of BankUnited by 9.4% in the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock valued at $82,576,000 after buying an additional 185,937 shares during the period. Institutional investors own 99.70% of the company’s stock.

About BankUnited

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.