BankUnited (NYSE:BKU) PT Raised to $35.00 at Wells Fargo & Company

BankUnited (NYSE:BKU) had its target price hoisted by Wells Fargo & Company from $32.00 to $35.00 in a research note issued to investors on Monday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

A number of other brokerages also recently commented on BKU. Wedbush lifted their price target on shares of BankUnited from $30.00 to $39.00 and gave the stock a neutral rating in a report on Friday, July 19th. Barclays boosted their target price on shares of BankUnited from $30.00 to $35.00 and gave the company an equal weight rating in a report on Monday. Hovde Group boosted their target price on shares of BankUnited from $33.00 to $41.00 and gave the company an outperform rating in a report on Friday, July 19th. Keefe, Bruyette & Woods lowered their target price on shares of BankUnited from $33.00 to $31.00 and set a market perform rating for the company in a report on Thursday, April 18th. Finally, StockNews.com upgraded shares of BankUnited from a sell rating to a hold rating in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $34.27.

BankUnited Stock Performance

Shares of NYSE BKU opened at $37.80 on Monday. The company has a market cap of $2.83 billion, a PE ratio of 16.29 and a beta of 1.35. BankUnited has a 12 month low of $20.84 and a 12 month high of $38.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.88. The company has a 50-day simple moving average of $29.99 and a 200-day simple moving average of $28.45.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, equities analysts anticipate that BankUnited will post 2.83 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.07%. BankUnited’s dividend payout ratio (DPR) is 50.00%.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of BankUnited stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total transaction of $43,920.00. Following the transaction, the director now directly owns 13,482 shares of the company’s stock, valued at $394,752.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Jay D. Richards sold 10,143 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were 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 of the company’s stock, valued at $1,361,416.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John N. Digiacomo sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total transaction of $43,920.00. Following the transaction, the director now directly owns 13,482 shares in the company, valued at $394,752.96. The disclosure for this sale can be found here. Insiders have sold a total of 15,143 shares of company stock valued at $543,005 over the last ninety days. Corporate insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of BankUnited by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after buying an additional 280,993 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BankUnited by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,596,577 shares of the financial services provider’s stock worth $116,639,000 after buying an additional 251,281 shares during the last quarter. LSV Asset Management increased its stake in shares of BankUnited by 3.4% in the fourth quarter. LSV Asset Management now owns 2,427,027 shares of the financial services provider’s stock worth $78,708,000 after buying an additional 80,577 shares during the last quarter. Jennison Associates LLC increased its stake in shares of BankUnited by 6.4% in the first quarter. Jennison Associates LLC now owns 1,552,387 shares of the financial services provider’s stock worth $43,467,000 after buying an additional 93,119 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of BankUnited by 17.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,921 shares of the financial services provider’s stock worth $46,989,000 after buying an additional 212,496 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

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.