BankUnited (NYSE:BKU) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

BankUnited, Inc. (NYSE:BKU)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $45.35 and traded as high as $46.68. BankUnited shares last traded at $46.04, with a volume of 553,987 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BKU. Zacks Research lowered shares of BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Wall Street Zen downgraded BankUnited from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group cut their price target on shares of BankUnited from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.27.

BankUnited Stock Performance

The stock has a market cap of $3.35 billion, a PE ratio of 12.82 and a beta of 1.19. The company’s 50-day moving average price is $45.72 and its two-hundred day moving average price is $45.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The company had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. During the same quarter last year, the company posted $0.78 earnings per share. On average, equities research analysts forecast that BankUnited, Inc. will post 4.15 EPS for the current year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a dividend of $0.33 per share. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.32 annualized dividend and a yield of 2.9%. BankUnited’s payout ratio is currently 36.77%.

Insiders Place Their Bets

In other news, insider Kevin A. Malcolm sold 3,447 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total value of $162,388.17. Following the completion of the transaction, the insider owned 11,500 shares in the company, valued at $541,765. The trade was a 23.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BankUnited

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of BankUnited by 15.3% during the 1st quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock valued at $623,000 after acquiring an additional 2,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BankUnited by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock worth $1,528,000 after acquiring an additional 1,934 shares during the period. Jane Street Group LLC purchased a new position in shares of BankUnited during the first quarter valued at approximately $9,100,000. Strs Ohio bought a new position in BankUnited during the first quarter valued at approximately $28,000. Finally, Invesco Ltd. lifted its position in BankUnited by 1.2% during the second quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock valued at $20,318,000 after purchasing an additional 6,815 shares during the period. Hedge funds and other 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.