BankUnited (NYSE:BKU) PT Raised to $34.50 at JPMorgan Chase & Co.

BankUnited (NYSE:BKU) had its price objective boosted by JPMorgan Chase & Co. from $33.00 to $34.50 in a report issued on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of BankUnited from $33.00 to $31.00 and set a market perform rating for the company in a research report on Thursday, April 18th. StockNews.com raised shares of BankUnited from a sell rating to a hold rating in a report on Monday, April 29th. Royal Bank of Canada decreased their price objective on shares of BankUnited from $33.00 to $29.00 and set a sector perform rating on the stock in a research note on Tuesday, April 9th. Finally, Barclays upped their target price on BankUnited from $29.00 to $30.00 and gave the stock an equal weight rating in a research note on Monday. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, BankUnited presently has an average rating of Hold and an average target price of $30.75.

BankUnited Stock Performance

Shares of NYSE:BKU opened at $28.55 on Thursday. BankUnited has a 12-month low of $20.84 and a 12-month high of $34.22. The company’s 50 day moving average price is $28.26 and its two-hundred day moving average price is $28.36. The firm has a market cap of $2.13 billion, a PE ratio of 12.31 and a beta of 1.33. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.48.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. The business had revenue of $508.35 million for the quarter, compared to the consensus estimate of $239.84 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. Equities research analysts predict that BankUnited will post 2.81 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, July 12th. BankUnited’s payout ratio is 50.00%.

Insider Activity at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total value of $43,920.00. Following the completion of the transaction, the director now owns 13,482 shares of the company’s stock, valued at approximately $394,752.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BankUnited

A number of institutional investors have recently added to or reduced their stakes in BKU. Quest Partners LLC bought a new position in shares of BankUnited during the fourth quarter valued at $1,329,000. Rafferty Asset Management LLC increased its holdings in BankUnited by 41.8% in the fourth quarter. Rafferty Asset Management LLC now owns 179,146 shares of the financial services provider’s stock valued at $5,810,000 after purchasing an additional 52,788 shares during the period. Seven Eight Capital LP bought a new position in BankUnited during the 4th quarter worth $1,331,000. Goldman Sachs Group Inc. lifted its holdings in BankUnited by 17.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 935,237 shares of the financial services provider’s stock worth $30,330,000 after buying an additional 136,291 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in BankUnited by 11,419.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,519 shares of the financial services provider’s stock worth $374,000 after buying an additional 11,419 shares during the period. 99.70% of the stock is owned by institutional investors.

About BankUnited

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.