Keefe, Bruyette & Woods Cuts BankUnited (NYSE:BKU) Price Target to $31.00

BankUnited (NYSE:BKU) had its target price cut by research analysts at Keefe, Bruyette & Woods from $33.00 to $31.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 20.34% from the company’s current price.

Several other brokerages have also recently weighed in on BKU. UBS Group cut shares of BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 target price on the stock. in a report on Monday, January 8th. StockNews.com cut shares of BankUnited from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Barclays started coverage on shares of BankUnited in a report on Friday, March 8th. They issued an “equal weight” rating and a $29.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Finally, Citigroup reduced their target price on shares of BankUnited from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.50.

BankUnited Stock Up 2.3 %

Shares of NYSE BKU traded up $0.57 during midday trading on Thursday, hitting $25.76. The company’s stock had a trading volume of 46,958 shares, compared to its average volume of 886,053. The business’s fifty day simple moving average is $26.79 and its two-hundred day simple moving average is $26.97. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.92 and a quick ratio of 0.92. BankUnited has a 1 year low of $15.83 and a 1 year high of $34.22. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.78 and a beta of 1.36.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. BankUnited had a net margin of 9.19% and a return on equity of 8.38%. During the same period last year, the business earned $0.70 earnings per share. On average, equities analysts predict that BankUnited will post 2.65 EPS for the current year.

Insider Transactions at BankUnited

In other news, insider Kevin A. Malcolm sold 2,285 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total transaction of $62,106.30. Following the transaction, the insider now directly owns 11,750 shares in the company, valued at $319,365. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of BankUnited by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider’s stock worth $4,042,000 after buying an additional 24,498 shares during the last quarter. FMR LLC raised its stake in shares of BankUnited by 23.2% during the 3rd quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock worth $34,939,000 after buying an additional 290,232 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of BankUnited by 84.6% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 262,741 shares of the financial services provider’s stock worth $5,964,000 after buying an additional 120,441 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of BankUnited by 129.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 70,116 shares of the financial services provider’s stock worth $1,592,000 after buying an additional 39,507 shares during the last quarter. Finally, Graham Capital Management L.P. raised its stake in shares of BankUnited by 272.2% during the 3rd quarter. Graham Capital Management L.P. now owns 132,681 shares of the financial services provider’s stock worth $3,012,000 after buying an additional 97,034 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.