BankUnited (NYSE:BKU – Free Report) had its price target upped by Royal Bank Of Canada from $48.00 to $53.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a sector perform rating on the financial services provider’s stock.
Other analysts have also recently issued reports about the company. Barclays raised their price target on BankUnited from $47.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday. Raymond James Financial set a $55.00 target price on shares of BankUnited in a research report on Wednesday. Jefferies Financial Group upped their price target on shares of BankUnited from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday. Hovde Group reiterated an “outperform” rating and issued a $51.00 price target on shares of BankUnited in a report on Monday, December 8th. Finally, Piper Sandler boosted their price objective on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.55.
Read Our Latest Research Report on BankUnited
BankUnited Price Performance
BankUnited (NYSE:BKU – Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $279.76 million. During the same quarter in the previous year, the firm posted $0.91 EPS. As a group, equities analysts anticipate that BankUnited will post 3.13 EPS for the current year.
BankUnited Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 9th will be issued a $0.31 dividend. The ex-dividend date is Friday, January 9th. This represents a $1.24 annualized dividend and a yield of 2.5%. BankUnited’s payout ratio is 34.93%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in BankUnited by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,596,455 shares of the financial services provider’s stock valued at $175,400,000 after buying an additional 51,926 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of BankUnited by 23.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock valued at $117,183,000 after acquiring an additional 576,843 shares during the period. American Century Companies Inc. lifted its holdings in shares of BankUnited by 9.4% during the 3rd quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock valued at $82,576,000 after acquiring an additional 185,937 shares in the last quarter. Geode Capital Management LLC boosted its position in BankUnited by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,776,183 shares of the financial services provider’s stock worth $63,223,000 after purchasing an additional 13,555 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in BankUnited by 20.9% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider’s stock worth $58,586,000 after purchasing an additional 265,439 shares during the period. 99.70% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting BankUnited
Here are the key news stories impacting BankUnited this week:
- Positive Sentiment: Q4 earnings beat — BankUnited reported EPS of $0.94 vs. $0.85 consensus and revenue of $288.2M vs. $279.8M, driven by higher net interest income and fee revenue; market reaction was strongly positive. Zacks: BKU’s Q4 Earnings Beat
- Positive Sentiment: Share buyback authorization — Management approved an additional $200M repurchase program, which supports EPS and signals confidence in capital availability. Business Wire: 4Q Results & Buyback
- Positive Sentiment: Core growth and margin expansion — Company highlighted $769M core loan growth, $485M growth in non‑interest bearing deposits, and a 6 bps NIM expansion — fundamentals that support higher future NII and profitability. Yahoo Finance: Q4 Deep Dive
- Positive Sentiment: Analyst price-target lifts — Keefe, Bruyette & Woods raised its target to $55 and RBC raised its target to $53 (both maintain market/sector-perform), adding near‑term buying interest from institutional desks. TickerReport: KBW price-target raise The Fly: RBC price-target raise
- Neutral Sentiment: Earnings materials and call/transcripts available — Full slide deck, press release and call transcripts provide detail on drivers, expense trends and capital; useful for modeling but not new news. Press Release / Slide Deck Seeking Alpha: Presentation
- Neutral Sentiment: Multiple call/transcript writeups — Transcripts posted (Seeking Alpha, InsiderMonkey, Yahoo) give investors color on strategy and outlook; they support transparency but are follow‑on items. InsiderMonkey: Call Transcript Yahoo: Earnings Transcript
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.
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