BankUnited (NYSE:BKU) Given New $50.00 Price Target at Wells Fargo & Company

BankUnited (NYSE:BKU) had its target price raised by Wells Fargo & Company from $48.00 to $50.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 24.88% from the company’s current price.

A number of other analysts also recently commented on BKU. Barclays dropped 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. Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price target on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.80.

BankUnited Trading Down 0.2 %

BankUnited stock opened at $40.04 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $39.96 and a two-hundred day moving average price of $37.47. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.36 and a beta of 1.38. BankUnited has a 52-week low of $24.34 and a 52-week high of $44.45.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter last year, the business posted $0.26 earnings per share. Sell-side analysts expect that BankUnited will post 2.89 earnings per share for the current year.

Insider Activity at BankUnited

In related news, COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay D. Richards sold 2,500 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the sale, the insider now directly owns 34,687 shares in the company, 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

A number of hedge funds have recently modified their holdings of the company. R Squared Ltd acquired a new stake in BankUnited during the 4th quarter worth approximately $113,000. KBC Group NV boosted its position in BankUnited by 87.8% during the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,883 shares during the period. Blue Trust Inc. boosted its position in BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 547 shares during the period. SG Americas Securities LLC boosted its position in shares of BankUnited by 462.0% in the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider’s stock valued at $1,067,000 after acquiring an additional 22,981 shares during the period. Finally, Harbour Capital Advisors LLC bought a new stake in shares of BankUnited in the fourth quarter valued at about $292,000. 99.70% of the stock is currently 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.