BankUnited (NYSE:BKU) Given Overweight Rating at Cantor Fitzgerald

BankUnited (NYSE:BKU)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They presently have a $56.00 price target on the financial services provider’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 15.81% from the company’s current price.

BKU has been the subject of a number of other research reports. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Keefe, Bruyette & Woods cut their target price on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Hovde Group reduced their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company upped their target price on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Finally, Zacks Research upgraded BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.73.

BankUnited Price Performance

Shares of BKU traded up $0.41 during mid-day trading on Wednesday, hitting $48.36. The company’s stock had a trading volume of 65,010 shares, compared to its average volume of 883,949. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average price of $47.48 and a 200 day moving average price of $46.89. BankUnited has a fifty-two week low of $34.79 and a fifty-two week high of $52.11. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.51 and a beta of 1.17.

BankUnited (NYSE:BKU) last released its earnings results 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). The business had revenue of $273.69 million for the quarter, compared to analyst estimates of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same period in the prior year, the company earned $0.78 earnings per share. On average, research analysts predict that BankUnited will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling at BankUnited

In related news, insider Jay D. Richards sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the completion of the sale, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This trade represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the completion of the transaction, the director directly owned 15,027 shares in the company, valued at approximately $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BankUnited

Several institutional investors have recently made changes to their positions in BKU. Assenagon Asset Management S.A. grew its stake in shares of BankUnited by 47.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,990 shares of the financial services provider’s stock valued at $12,354,000 after buying an additional 81,741 shares in the last quarter. GAMMA Investing LLC lifted its stake in BankUnited by 8.0% in the second quarter. GAMMA Investing LLC now owns 6,620 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 491 shares during the last quarter. Bank of America Corp DE grew its position in BankUnited by 9.0% in the first quarter. Bank of America Corp DE now owns 819,548 shares of the financial services provider’s stock worth $37,011,000 after acquiring an additional 67,981 shares in the last quarter. Edgestream Partners L.P. bought a new stake in BankUnited in the first quarter worth approximately $6,797,000. Finally, Amundi grew its position in BankUnited by 31.4% in the first quarter. Amundi now owns 15,300 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 3,660 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Company Profile

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.