BankUnited (NYSE:BKU) PT Raised to $39.00 at Barclays

BankUnited (NYSE:BKU) had its price objective increased by analysts at Barclays from $35.00 to $39.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 9.67% from the stock’s current price.

A number of other research firms have also recently commented on BKU. Hovde Group boosted their target price on shares of BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Citigroup dropped their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Wedbush increased their price target on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Company raised their price objective on BankUnited from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.50.

BankUnited Trading Down 0.4 %

Shares of BankUnited stock opened at $35.56 on Friday. BankUnited has a 1 year low of $20.84 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day moving average price of $36.62 and a 200 day moving average price of $31.23. The company has a market capitalization of $2.66 billion, a P/E ratio of 15.33 and a beta of 1.33.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. The business had revenue of $250.20 million for 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%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. Sell-side analysts anticipate that BankUnited will post 2.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Douglas J. Pauls sold 3,500 shares of the stock in a transaction 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 owns 43,654 shares in the company, valued at $1,593,371. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $36.50, for a total value of $127,750.00. Following the transaction, the director now owns 43,654 shares in the company, valued at $1,593,371. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 directly owns 10,282 shares of the company’s stock, valued at $396,576.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,507 shares of company stock valued at $802,400. 1.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BankUnited

A number of hedge funds have recently modified their holdings of BKU. CWM LLC raised its holdings in shares of BankUnited by 307.6% during the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,455 shares during the period. Headlands Technologies LLC acquired a new stake in shares of BankUnited in the 1st quarter valued at about $57,000. Meeder Asset Management Inc. bought a new stake in shares of BankUnited in the second quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. acquired 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. Institutional investors and hedge funds 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.