Investment Analysts’ Recent Ratings Updates for BankUnited (BKU)

BankUnited (NYSE: BKU) has recently received a number of price target changes and ratings updates:

• 12/20/2024 – BankUnited had its price target lowered by analysts at Barclays PLC from $45.00 to $44.00. They now have an “equal weight” rating on the stock.
• 12/10/2024 – BankUnited had its price target raised by analysts at Compass Point from $42.00 to $49.00. They now have a “buy” rating on the stock.
• 12/5/2024 – BankUnited had its price target raised by analysts at Barclays PLC from $39.00 to $45.00. They now have an “equal weight” rating on the stock.
• 12/4/2024 – BankUnited had its price target raised by analysts at Keefe, Bruyette & Woods from $38.00 to $45.00. They now have a “market perform” rating on the stock.
• 11/26/2024 – BankUnited had its price target raised by analysts at The Goldman Sachs Group, Inc. from $36.00 to $42.00. They now have a “sell” rating on the stock.
• 11/13/2024 – BankUnited was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $48.00 price target on the stock, up previously from $38.00.

BankUnited Trading Up 1.8 %

NYSE:BKU opened at $38.10 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The company has a market cap of $2.85 billion, a PE ratio of 15.61 and a beta of 1.36. The firm has a 50-day moving average of $39.12 and a 200-day moving average of $35.85.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million during the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, equities research analysts expect that BankUnited, Inc. will post 2.89 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.04%. BankUnited’s payout ratio is 47.54%.

Insider Activity

In other news, insider Jay D. Richards sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at $1,428,410.66. This represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BankUnited

Several large investors have recently made changes to their positions in BKU. Meeder Asset Management Inc. bought a new position in BankUnited during the second quarter valued at about $74,000. CWM LLC grew its position in shares of BankUnited by 118.3% during the 3rd quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 2,280 shares during the period. GAMMA Investing LLC increased its stake in shares of BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of BankUnited during the 3rd quarter worth approximately $181,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in BankUnited in the second quarter valued at approximately $169,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

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.