BankUnited’s (BKU) “Equal Weight” Rating Reaffirmed at Stephens

Stephens restated their equal weight rating on shares of BankUnited (NYSE:BKU) in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. Stephens currently has a $35.00 price target on the financial services provider’s stock.

Several other analysts also recently issued reports on BKU. ValuEngine downgraded BankUnited from a hold rating to a sell rating in a report on Wednesday, June 19th. DA Davidson reissued a buy rating on shares of BankUnited in a report on Thursday, October 3rd. Morgan Stanley cut their price target on BankUnited from $38.00 to $37.00 and set an equal weight rating on the stock in a report on Thursday, October 3rd. Finally, Zacks Investment Research downgraded BankUnited from a buy rating to a hold rating and set a $36.00 price target on the stock. in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $37.00.

Shares of BKU opened at $33.75 on Tuesday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.31 and a beta of 1.15. The stock has a 50 day moving average of $32.98 and a 200-day moving average of $33.53. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86. BankUnited has a 52 week low of $28.05 and a 52 week high of $37.32.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $226.22 million during the quarter, compared to analyst estimates of $224.42 million. BankUnited had a return on equity of 10.21% and a net margin of 18.74%. During the same quarter last year, the firm earned $0.82 EPS. On average, sell-side analysts predict that BankUnited will post 2.87 earnings per share for the current fiscal year.

The business also recently declared a — dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.21 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is 35.59%.

In other BankUnited news, Director Douglas J. Pauls sold 22,133 shares of BankUnited stock in a transaction on Friday, September 13th. The stock was sold at an average price of $34.16, for a total transaction of $756,063.28. Following the sale, the director now owns 56,581 shares of the company’s stock, valued at approximately $1,932,806.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 1,782 shares of BankUnited stock in a transaction on Friday, July 26th. The shares were sold at an average price of $34.45, for a total value of $61,389.90. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank raised its stake in shares of BankUnited by 21.5% in the 2nd quarter. Toronto Dominion Bank now owns 2,579 shares of the financial services provider’s stock worth $91,000 after buying an additional 457 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of BankUnited by 3.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,095 shares of the financial services provider’s stock worth $844,000 after buying an additional 744 shares in the last quarter. Cambiar Investors LLC raised its stake in shares of BankUnited by 0.6% in the 2nd quarter. Cambiar Investors LLC now owns 140,029 shares of the financial services provider’s stock worth $4,725,000 after buying an additional 786 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of BankUnited by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 84,125 shares of the financial services provider’s stock worth $2,838,000 after buying an additional 812 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in shares of BankUnited by 2.8% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 36,900 shares of the financial services provider’s stock worth $1,245,000 after buying an additional 1,000 shares in the last quarter. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

About BankUnited

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.

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Analyst Recommendations for BankUnited (NYSE:BKU)

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