Leslie Lunak Sells 22,776 Shares of BankUnited, Inc. (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU) CFO Leslie Lunak sold 22,776 shares of BankUnited stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $33.56, for a total value of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares in the company, valued at $2,010,210.44. This represents a 27.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

BankUnited Price Performance

Shares of NYSE:BKU opened at $33.88 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The business’s fifty day moving average price is $32.85 and its two-hundred day moving average price is $37.11. The stock has a market cap of $2.55 billion, a PE ratio of 11.00 and a beta of 1.29. BankUnited, Inc. has a one year low of $26.78 and a one year high of $44.45.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $255.41 million during the quarter, compared to analysts’ expectations of $264.35 million. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the business posted $0.64 EPS. On average, analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a dividend of $0.31 per share. This is an increase from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.66%. BankUnited’s dividend payout ratio is presently 38.51%.

Institutional Trading of BankUnited

Several hedge funds and other institutional investors have recently bought and sold shares of BKU. Barclays PLC grew its position in shares of BankUnited by 48.3% in the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider’s stock valued at $6,677,000 after purchasing an additional 59,644 shares during the period. Franklin Resources Inc. increased its stake in shares of BankUnited by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 56,974 shares of the financial services provider’s stock valued at $2,097,000 after acquiring an additional 2,856 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of BankUnited by 9.2% during the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 426 shares during the period. Nordea Investment Management AB boosted its position in shares of BankUnited by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 103,208 shares of the financial services provider’s stock worth $3,950,000 after acquiring an additional 1,595 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in BankUnited in the fourth quarter valued at approximately $292,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on BKU shares. Hovde Group decreased their price target on BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. 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, March 11th. Keefe, Bruyette & Woods reduced their price objective on shares of BankUnited from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company lowered their target price on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Finally, StockNews.com downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.55.

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.