BankUnited (BKU) Receives $42.89 Average Target Price from Analysts

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.

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About BankUnited

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.

Analyst Recommendations for BankUnited (NYSE:BKU)

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