BankUnited (NYSE:BKU) PT Lowered to $31.00

BankUnited (NYSE:BKU) had its price objective cut by Keefe, Bruyette & Woods from $33.00 to $31.00 in a report published on Thursday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their price objective on shares of BankUnited from $33.00 to $29.00 and set a sector perform rating for the company in a research note on Tuesday, April 9th. UBS Group cut shares of BankUnited from a neutral rating to a sell rating and set a $29.00 price objective for the company. in a research note on Monday, January 8th. StockNews.com cut shares of BankUnited from a hold rating to a sell rating in a research note on Friday, February 16th. Citigroup cut their price objective on shares of BankUnited from $34.00 to $33.00 and set a neutral rating for the company in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BankUnited from $35.00 to $33.00 and set a neutral rating for the company in a research note on Thursday, April 4th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $30.50.

BankUnited Price Performance

BKU stock opened at $25.89 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.92 and a quick ratio of 0.92. BankUnited has a one year low of $15.83 and a one year high of $34.22. The stock has a market cap of $1.94 billion, a PE ratio of 10.88 and a beta of 1.36. The firm has a 50 day simple moving average of $26.79 and a two-hundred day simple moving average of $26.96.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. BankUnited had a net margin of 9.19% and a return on equity of 8.38%. The business had revenue of $508.35 million during the quarter, compared to analysts’ expectations of $239.84 million. During the same quarter in the previous year, the company earned $0.70 EPS. On average, analysts predict that BankUnited will post 2.65 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 4.48%. BankUnited’s dividend payout ratio is 48.74%.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now directly owns 11,750 shares in the company, valued at approximately $319,365. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its holdings in BankUnited by 83.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 1,327 shares in the last quarter. US Bancorp DE raised its holdings in BankUnited by 347.0% in the 1st quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 2,762 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC bought a new position in BankUnited in the 4th quarter worth $147,000. Finally, Centiva Capital LP bought a new position in BankUnited in the 2nd quarter worth $200,000. 99.70% of the stock is currently 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.