Shares of BankUnited (NYSE:BKU) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $42.89.
Several research firms recently commented on BKU. Hovde Group lowered BankUnited from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $45.00 to $44.00 in a report on Wednesday, February 7th. Zacks Investment Research lowered BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $41.00 target price on shares of BankUnited in a report on Wednesday, January 24th. ValuEngine raised BankUnited from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Barclays raised their target price on BankUnited from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th.
BankUnited (BKU) traded up $0.37 during trading on Wednesday, reaching $41.23. The company had a trading volume of 770,633 shares, compared to its average volume of 1,010,000. The firm has a market capitalization of $4,400.00, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.00. BankUnited has a 12-month low of $30.37 and a 12-month high of $43.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96.
BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.62 by $0.24. The firm had revenue of $285.37 million for the quarter, compared to analyst estimates of $270.33 million. BankUnited had a return on equity of 11.30% and a net margin of 45.09%. During the same period last year, the company earned $0.59 earnings per share. sell-side analysts anticipate that BankUnited will post 3.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.04%. BankUnited’s dividend payout ratio is currently 15.08%.
BankUnited declared that its Board of Directors has initiated a share repurchase program on Tuesday, January 23rd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the transaction, the insider now owns 19,699 shares in the company, valued at $706,800.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas J. Pauls sold 40,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $42.12, for a total value of $1,684,800.00. Following the transaction, the director now owns 31,380 shares in the company, valued at approximately $1,321,725.60. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in shares of BankUnited in the second quarter valued at approximately $310,000. Northern Trust Corp lifted its position in shares of BankUnited by 1.5% in the second quarter. Northern Trust Corp now owns 481,813 shares of the financial services provider’s stock valued at $16,243,000 after acquiring an additional 7,337 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of BankUnited by 22.3% in the second quarter. Parametric Portfolio Associates LLC now owns 155,716 shares of the financial services provider’s stock valued at $5,249,000 after acquiring an additional 28,341 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BankUnited by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,197,794 shares of the financial services provider’s stock valued at $40,379,000 after acquiring an additional 81,961 shares in the last quarter. Finally, QS Investors LLC lifted its position in shares of BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 96.43% of the company’s stock.
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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