BankUnited (NYSE:BKU) PT Raised to $40.00 at Wedbush

BankUnited (NYSE:BKU) had its price target upped by stock analysts at Wedbush from $39.00 to $40.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Wedbush’s price objective suggests a potential upside of 10.47% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Citigroup decreased their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Hovde Group raised their price target on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Wells Fargo & Company raised their price target on shares of BankUnited from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Royal Bank of Canada raised their price target on shares of BankUnited from $29.00 to $31.00 and gave the company a “sector perform” rating in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, BankUnited has a consensus rating of “Hold” and a consensus target price of $35.10.

BankUnited Trading Down 0.5 %

BankUnited stock traded down $0.18 during mid-day trading on Tuesday, hitting $36.21. 253,129 shares of the company’s stock were exchanged, compared to its average volume of 807,252. The company’s 50 day simple moving average is $36.60 and its 200-day simple moving average is $31.02. The firm has a market capitalization of $2.71 billion, a P/E ratio of 15.60 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. BankUnited has a fifty-two week low of $20.84 and a fifty-two week high of $39.51.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $250.20 million during the quarter, compared to analysts’ expectations of $243.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. BankUnited’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.78 earnings per share. On average, equities analysts anticipate that BankUnited will post 2.88 earnings per share for the current year.

Insiders Place Their Bets

In other BankUnited news, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $36.50, for a total transaction of $127,750.00. Following the completion of the sale, the director now directly owns 43,654 shares in the company, valued at $1,593,371. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director William S. Rubenstein sold 7,864 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total transaction of $303,314.48. Following the sale, the director now owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas J. Pauls sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $36.50, for a total value of $127,750.00. Following the completion of the sale, the director now directly owns 43,654 shares in the company, valued at approximately $1,593,371. The disclosure for this sale can be found here. Insiders have sold 21,507 shares of company stock valued at $802,400 over the last ninety days. Company insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On BankUnited

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,455 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of BankUnited during the first quarter worth about $57,000. Meeder Asset Management Inc. bought a new position in shares of BankUnited during the second quarter worth about $74,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited during the second quarter worth about $169,000. Finally, Picton Mahoney Asset Management bought a new position in shares of BankUnited during the second quarter worth about $175,000. Hedge funds and other institutional investors 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.