BankUnited (NYSE:BKU) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

BankUnited (NYSE:BKU) had its price target raised by research analysts at The Goldman Sachs Group from $36.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target points to a potential downside of 2.78% from the company’s previous close.

BKU has been the subject of several other research reports. Wedbush raised their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Citigroup lowered their target price on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. Barclays lifted their price objective on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $48.00 in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, BankUnited has an average rating of “Hold” and a consensus price target of $38.70.

BankUnited Stock Up 1.1 %

BKU opened at $43.20 on Tuesday. BankUnited has a 12 month low of $24.34 and a 12 month high of $44.45. The company has a market cap of $3.23 billion, a PE ratio of 17.70 and a beta of 1.33. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $37.12 and a 200 day moving average of $34.15.

BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter in the prior year, the business posted $0.63 earnings per share. On average, sell-side analysts expect that BankUnited will post 2.89 EPS for the current year.

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the sale, the insider now owns 34,687 shares in the company, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.

Institutional Trading of BankUnited

Large investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd raised its holdings in BankUnited by 0.9% in the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 303 shares in the last quarter. Arizona State Retirement System lifted its holdings in BankUnited by 1.9% in the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock worth $609,000 after buying an additional 379 shares during the period. Natixis Advisors LLC boosted its position in BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock valued at $1,405,000 after acquiring an additional 497 shares in the last quarter. GAMMA Investing LLC boosted 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 valued at $169,000 after acquiring an additional 686 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of BankUnited by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 800 shares during the period. Institutional investors own 99.70% of the company’s stock.

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.