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

BankUnited (NYSE:BKU) had its target price cut by Hovde Group from $46.00 to $44.00 in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s price target points to a potential upside of 22.96% from the stock’s previous close.

A number of other research analysts also recently weighed in on BKU. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a research note on Tuesday, March 11th. Compass Point upped their price objective on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. StockNews.com cut shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Barclays lowered their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Keefe, Bruyette & Woods increased their price objective on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.45.

BankUnited Trading Up 3.2 %

Shares of BKU stock opened at $35.78 on Tuesday. The company has a market cap of $2.67 billion, a P/E ratio of 11.62 and a beta of 1.40. BankUnited has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The stock has a 50 day simple moving average of $38.03 and a two-hundred day simple moving average of $38.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter last year, the firm earned $0.26 EPS. Research analysts forecast that BankUnited will post 3.13 earnings per share for the current year.

Insider Buying and Selling

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the transaction, the insider now owns 12,250 shares of the company’s stock, valued at $430,955. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sanjiv Sobti acquired 2,000 shares of BankUnited stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $32.07 per share, with a total value of $64,140.00. Following the purchase, the director now owns 20,782 shares of the company’s stock, valued at $666,478.74. This represents a 10.65 % increase in their position. The disclosure for this purchase can be found here. 1.19% of the stock is currently owned by insiders.

Institutional Trading of BankUnited

Several institutional investors and hedge funds have recently bought and sold shares of BKU. Nomura Asset Management Co. Ltd. increased its holdings in shares of BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC boosted its position in shares of BankUnited by 9.2% during the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 426 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of BankUnited by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. raised its stake in BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 547 shares in the last quarter. Finally, Atria Investments Inc lifted its position in BankUnited by 7.2% during the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 555 shares during the last quarter. 99.70% 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, 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.