BankUnited Inc. (NYSE:BKU) shares traded 5.37% higher at $29.85 on Wall Street last session.
In accordance with the data, 11 analysts cover BankUnited Inc. (NYSE:BKU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $37.50 and a low of $23.00, we find $31.00. Given the previous closing price of $28.33, this indicates a potential upside of 9.42 percent. BKU stock price is now 36.44% away from the 50-day moving average and 2.95% away from the 200-day moving average. The market capitalization of the company currently stands at $2.24B.
It has been rated a hold by 8 analysts and a buy by 2. Brokers who have rated the stock have averaged $30.77 as their price target over the next twelve months.
In other news, Malcolm Kevin A., Officer of Subsidiary sold 1,406 shares of the company’s stock on Mar 06. The stock was sold for $49,505 at an average price of $35.21. Upon completion of the transaction, the Officer of Subsidiary now directly owns 10,000 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Director Prudenti A. Gail sold 4,500 shares of the business’s stock. A total of $167,670 was realized by selling the stock at an average price of $37.26. This leaves the insider owning 9,729 shares of the company worth $0.29 million. Insiders disposed of 48,274 shares of company stock worth roughly $1.44 million over the past 1 year. A total of 0.94% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BKU stock. A new stake in BankUnited Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $13,046,000. WALLEYE CAPITAL LLC invested $7,823,000 in shares of BKU during the first quarter. In the first quarter, BHZ CAPITAL MANAGEMENT, LP acquired a new stake in BankUnited Inc. valued at approximately $7,503,000. TWINBEECH CAPITAL LP acquired a new stake in BKU for approximately $5,497,000. CRESTLINE MANAGEMENT, LP purchased a new stake in BKU valued at around $4,328,000 in the second quarter. In total, there are 303 active investors with 104.95% ownership of the company’s stock.
BankUnited Inc. (NYSE: BKU) opened at $28.88 on Wednesday. During the past 12 months, BankUnited Inc. has had a low of $15.83 and a high of $41.34. The fifty day moving average price for BKU is $22.15 and a two-hundred day moving average price translates $28.96 for the stock.
The latest earnings results from BankUnited Inc. (NYSE: BKU) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.78, inline with analysts’ expectations of $0.78. This compares to $0.79 EPS in the same period last year. The company reported revenue of $440.42 million for the quarter, compared to $235.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 86.65 percent. For the current quarter, analysts expect BKU to generate $244.29M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 07/14/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 3.62% percent yield. There was an ex-dividend date of 07/13/2023 for this dividend. In terms of dividend payout ratio, BKU is presently at 28.19%.
BankUnited Inc.(BKU) 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. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based lines of credit, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, capital call lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company also offers online, mobile, and telephone banking services. It operates through a network of banking centers located in Florida counties and the New York metropolitan area, as well as Dallas, Texas. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.
