Citigroup Downgrades BankUnited to Sell, Sets $45 Price Target
Citigroup analyst Benjamin Gerlinger lowered BankUnited's rating to sell, setting a $45 price target, a 7.12% downside from the current price.
Key Points
- Citigroup analyst Benjamin Gerlinger downgraded BankUnited, Inc. to a sell rating with a $45 price target on June 30, 2026.
- Citigroup's $45 price target implies 7.12% downside from BankUnited, Inc.'s ($BKU) current $48.45 share price.
- Shares of NYSE:BKU traded near $48.41 on Tuesday, with a market cap of $3.58 billion and a P/E ratio of 13.76.
- Vanguard Portfolio Management LLC opened a new position in BankUnited with 4,928,010 shares valued at $222.5 million.
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On June 30, 2026, Citigroup analyst Benjamin Gerlinger downgraded BankUnited, Inc. (NYSE:BKU) to a sell rating and set a price target of $45. This change follows a period where the stock traded near $48.41 on Tuesday.
Citigroup vs. the S&P 500
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BankUnited, Inc. Stock Up 4.4%
Shares of BankUnited, Inc. traded at $48.41 on Tuesday. The company, with a market cap of about $3.58 billion, has a P/E ratio of 13.76 and a forward P/E of 10.75. Its beta is 1.175, indicating it is slightly more volatile than the market. The stock has seen a 52-week low of $34.79 and a high of $52.11. Its 50-day moving average is $47.08, while the 200-day moving average is $44.48.
$BKU price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Other Institutional Activity in BankUnited
Several institutional investors have made changes to their holdings in BankUnited. Vanguard Portfolio Management LLC opened a new position with 4,928,010 shares valued at approximately $222.5 million. Dimensional Fund Advisors LP increased its holdings by 26,292 shares, bringing its total to 4,658,844 shares worth about $210.4 million, a 0.6% increase. State Street Corp added 13,656 shares, ending with 4,451,448 shares valued at $201 million, marking a 0.3% increase. Meanwhile, BlackRock, Inc. slightly reduced its position by 56,706 shares, now holding 10,886,182 shares valued at $491.6 million.
Recent Earnings
BankUnited reported revenue of $1.03 billion, showing a growth of 3.7%. The company achieved a net margin of 26.28% and a return on equity of 9.19%. The next earnings report is scheduled for July 22, 2026.
Dividend
The company offers an annual dividend rate of $1.32, yielding 2.68%, with a payout ratio of 34.64%.
Insider Buying and Selling at BankUnited, Inc.
In recent insider transactions, Officer of Subsidiary Jay Richards sold 4,000 shares on June 15, 2026, at an average price of $48.67. John DiGiacomo sold 1,000 shares on June 1, 2026, at an average price of $45.97. On May 21, 2026, insiders Germaine Smith-Baugh, Sanjiv Sobti, William Rubenstein, and John DiGiacomo each purchased 1,511 shares.
Analysts Set New Price Targets
On June 30, 2026, Citigroup downgraded BankUnited to a sell rating with a $45 price target. Barclays and Wells Fargo have maintained their ratings with price targets of $53 and $55, respectively. The consensus among analysts is a buy, with an average price target of $52.73 based on 11 opinions.
About BankUnited, Inc.
BankUnited, Inc., headquartered in Miami Lakes, Florida, is a bank holding company that offers a wide range of banking services in the United States. Led by CEO Mr. Rajinder P. Singh, the company employs 1,785 people and operates through banking centers in Florida, New York, and Dallas, Texas. Its services include deposit products, commercial and real estate loans, and a variety of consumer loans.
Bottom Line
Citigroup's recent downgrade of BankUnited to a sell rating with a $45 target highlights a cautious outlook. Investors will be watching the upcoming earnings report on July 22, 2026, for further insights. Institutional activity shows varied interest, with some funds increasing their stakes while others trim their positions.
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