Analysts Set BankUnited (BKU) Price Target at $43.18

Shares of BankUnited (NYSE:BKU) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $43.10.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. ValuEngine downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Hovde Group downgraded shares of BankUnited from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $45.00 to $44.00 in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $41.00 target price on shares of BankUnited in a research report on Wednesday, January 24th. Finally, UBS began coverage on BankUnited in a report on Wednesday, March 21st. They set a “neutral” rating and a $45.00 price target on the stock.

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In other BankUnited news, Director Eugene F. Demark sold 2,682 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $42.92, for a total transaction of $115,111.44. Following the transaction, the director now directly owns 16,000 shares in the company, valued at approximately $686,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Starr sold 2,805 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $42.89, for a total value of $120,306.45. Following the completion of the transaction, the insider now owns 48,104 shares in the company, valued at $2,063,180.56. The disclosure for this sale can be found here. Insiders have sold a total of 45,487 shares of company stock worth $1,920,218 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Amica Retiree Medical Trust bought a new position in shares of BankUnited in the 4th quarter worth $138,000. Macquarie Group Ltd. bought a new position in shares of BankUnited in the 3rd quarter worth $174,000. First Mercantile Trust Co. bought a new position in shares of BankUnited in the 4th quarter worth $219,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BankUnited by 49.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,511 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 1,818 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of BankUnited in the 4th quarter worth $252,000. Institutional investors own 96.99% of the company’s stock.

NYSE:BKU traded up $0.93 on Thursday, reaching $40.15. 897,500 shares of the stock traded hands, compared to its average volume of 950,580. The company has a market capitalization of $4,183.45, a PE ratio of 15.15, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.96 and a current ratio of 0.96. BankUnited has a 1-year low of $30.37 and a 1-year high of $43.84.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24. The business had revenue of $285.37 million during the quarter, compared to the consensus estimate of $270.33 million. BankUnited had a net margin of 45.09% and a return on equity of 10.83%. During the same quarter in the prior year, the firm posted $0.59 EPS. research analysts predict that BankUnited will post 3.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, April 12th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, April 11th. BankUnited’s payout ratio is 31.70%.

BankUnited declared that its board 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 repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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BankUnited Company Profile

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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