Fintel reports that on October 5, 2023, JP Morgan maintained coverage of BankUnited (NYSE:BKU) with a Neutral recommendation.
Analyst Price Forecast Suggests 34.14% Upside
As of October 5, 2023, the average one-year price target for BankUnited is 29.67. The forecasts range from a low of 25.25 to a high of $34.65. The average price target represents an increase of 34.14% from its latest reported closing price of 22.12.
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The projected annual revenue for BankUnited is 1,091MM, an increase of 16.82%. The projected annual non-GAAP EPS is 4.14.
What is the Fund Sentiment?
There are 555 funds or institutions reporting positions in BankUnited. This is a decrease of 37 owner(s) or 6.25% in the last quarter. Average portfolio weight of all funds dedicated to BKU is 0.13%, a decrease of 24.05%. Total shares owned by institutions increased in the last three months by 0.05% to 91,833K shares. 
The put/call ratio of BKU is 2.19, indicating a bearish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 7,585K shares representing 10.19% ownership of the company. In it's prior filing, the firm reported owning 6,312K shares, representing an increase of 16.78%. The firm increased its portfolio allocation in BKU by 8.96% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 5,189K shares representing 6.97% ownership of the company. In it's prior filing, the firm reported owning 5,257K shares, representing a decrease of 1.31%. The firm decreased its portfolio allocation in BKU by 8.77% over the last quarter.
PRSVX - T. Rowe Price Small-Cap Value Fund holds 3,308K shares representing 4.44% ownership of the company. In it's prior filing, the firm reported owning 2,356K shares, representing an increase of 28.78%. The firm increased its portfolio allocation in BKU by 32.35% over the last quarter.
American Century Companies holds 2,834K shares representing 3.81% ownership of the company. In it's prior filing, the firm reported owning 2,715K shares, representing an increase of 4.20%. The firm decreased its portfolio allocation in BKU by 4.66% over the last quarter.
Jpmorgan Chase holds 2,729K shares representing 3.67% ownership of the company. In it's prior filing, the firm reported owning 2,558K shares, representing an increase of 6.27%. The firm increased its portfolio allocation in BKU by 623.37% over the last quarter.
BankUnited Background Information
(This description is provided by the company.)
BankUnited, Inc., with total assets of $35.0 billion at December 31, 2020, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with 70 banking centers in 14 Florida counties and 4 banking centers in the New York metropolitan area at December 31, 2020.
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