BankUnited (NYSE:BKU) Given New $44.00 Price Target at Barclays

BankUnited (NYSE:BKU) had its price target reduced by equities research analysts at Barclays from $45.00 to $44.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 17.62% from the stock’s current price.

BKU has been the subject of a number of other reports. Keefe, Bruyette & Woods boosted their price target on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their target price on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Citigroup dropped their price target on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Royal Bank of Canada restated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Finally, Wedbush raised their target price on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and a consensus target price of $41.36.

BankUnited Stock Down 0.6 %

Shares of NYSE BKU opened at $37.41 on Friday. BankUnited has a 1 year low of $24.34 and a 1 year high of $44.45. The stock’s 50-day simple moving average is $39.06 and its 200-day simple moving average is $35.67. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 15.33 and a beta of 1.36.

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

Insider Transactions at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction on Friday, November 8th. The shares were 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 of the company’s stock, valued at $3,911,000. The trade was a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jay D. Richards sold 2,500 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the transaction, the insider now owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in shares of BankUnited in the 2nd quarter worth about $74,000. CWM LLC raised its stake in shares of BankUnited by 118.3% in the third 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $169,000. GAMMA Investing LLC grew its position in 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 acquiring an additional 686 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in BankUnited during the 2nd quarter valued at $175,000. 99.70% of the stock is currently owned by institutional investors.

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.