BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti Acquires 2,000 Shares of Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $32.07 per share, with a total value of $64,140.00. Following the completion of the purchase, the director now directly owns 20,782 shares in the company, valued at approximately $666,478.74. This represents a 10.65 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

BankUnited Stock Performance

NYSE BKU opened at $32.99 on Friday. The company has a fifty day moving average of $38.61 and a two-hundred day moving average of $38.24. The company has a market capitalization of $2.47 billion, a PE ratio of 10.71 and a beta of 1.40. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the prior year, the business earned $0.26 earnings per share. As a group, analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.29 per share. The ex-dividend date was Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 3.52%. BankUnited’s payout ratio is currently 37.66%.

Hedge Funds Weigh In On BankUnited

Several hedge funds have recently bought and sold shares of BKU. Alpha DNA Investment Management LLC acquired a new stake in shares of BankUnited in the third quarter valued at approximately $443,000. Principal Financial Group Inc. grew its holdings in BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock valued at $13,836,000 after buying an additional 10,064 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of BankUnited during the 4th quarter worth about $766,000. 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 worth $1,067,000 after acquiring an additional 22,981 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in BankUnited by 211.5% in the third quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock valued at $2,172,000 after purchasing an additional 40,461 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on BKU. StockNews.com raised shares of BankUnited from a “hold” rating to a “buy” rating in a research report on Monday. Compass Point raised their price target on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their price objective on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays decreased their target price on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Piper Sandler raised shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.18.

BankUnited 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.