BankUnited (NYSE:BKU) PT Raised to $40.00

BankUnited (NYSE:BKU) had its price objective lifted by Wedbush from $39.00 to $40.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock. Wedbush also issued estimates for BankUnited’s Q4 2024 earnings at $0.76 EPS, FY2024 earnings at $2.87 EPS, Q1 2025 earnings at $0.74 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $3.30 EPS and FY2026 earnings at $3.60 EPS.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on BankUnited from $34.50 to $41.00 and gave the company a neutral rating in a report on Tuesday, July 23rd. Hovde Group boosted their price target on BankUnited from $33.00 to $41.00 and gave the stock an outperform rating in a report on Friday, July 19th. Royal Bank of Canada raised their price objective 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. Citigroup cut their target price on shares of BankUnited from $42.00 to $39.00 and set a neutral rating on the stock in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price target on shares of BankUnited from $32.00 to $35.00 and gave the company an equal weight rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, BankUnited has an average rating of Hold and a consensus target price of $35.50.

BankUnited Stock Down 0.4 %

Shares of NYSE BKU opened at $35.57 on Tuesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 15.33 and a beta of 1.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.22. BankUnited has a 12 month low of $20.84 and a 12 month high of $39.51. The stock has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $31.20.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The business had revenue of $250.20 million during the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, analysts forecast that BankUnited will post 2.88 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.26%. BankUnited’s payout ratio is currently 50.00%.

Insider Transactions at BankUnited

In related news, insider Jay D. Richards sold 10,143 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.61, for a total transaction of $371,335.23. Following the completion of the sale, the insider now owns 37,187 shares of the company’s stock, valued at $1,361,416.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other BankUnited news, insider Jay D. Richards sold 10,143 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.61, for a total transaction of $371,335.23. Following the transaction, the insider now directly owns 37,187 shares in the company, valued at approximately $1,361,416.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total transaction of $127,750.00. Following the sale, the director now directly owns 43,654 shares of the company’s stock, valued at approximately $1,593,371. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,507 shares of company stock valued at $802,400. Corporate insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd grew its stake in shares of BankUnited by 0.9% in the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 303 shares during the period. Arizona State Retirement System grew its stake in BankUnited by 1.9% in the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 379 shares during the period. Natixis Advisors LLC raised its position in shares of BankUnited by 1.0% during the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 497 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of BankUnited by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 800 shares in the last quarter. Finally, Inspire Investing LLC grew its position in BankUnited by 6.8% in the 1st quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 807 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

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.