BankUnited, Inc. (NYSE:BKU) Director John N. Digiacomo Sells 1,000 Shares

BankUnited, Inc. (NYSE:BKU) Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $34.43, for a total value of $34,430.00. Following the completion of the sale, the director now owns 14,516 shares in the company, valued at $499,785.88. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

BankUnited Stock Performance

BankUnited stock opened at $34.38 on Friday. BankUnited, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $44.45. The company has a market capitalization of $2.59 billion, a PE ratio of 11.16 and a beta of 1.29. The company has a 50 day moving average price of $33.22 and a 200-day moving average price of $36.99. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. The firm had revenue of $255.41 million for the quarter, compared to analyst estimates of $264.35 million. During the same quarter last year, the firm posted $0.64 earnings per share. As a group, equities analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.61%. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. BankUnited’s dividend payout ratio (DPR) is presently 38.51%.

Analyst Upgrades and Downgrades

BKU has been the topic of several research reports. Jefferies Financial Group started coverage on shares of BankUnited in a research report on Wednesday, May 21st. They issued a “hold” rating and a $39.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Wall Street Zen cut BankUnited from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Royal Bank of Canada decreased their price objective on BankUnited from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Finally, Hovde Group dropped their target price on BankUnited from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in BankUnited by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider’s stock worth $366,392,000 after purchasing an additional 181,493 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of BankUnited by 12.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider’s stock worth $107,696,000 after acquiring an additional 322,368 shares in the last quarter. American Century Companies Inc. lifted its position in BankUnited by 6.2% during the first quarter. American Century Companies Inc. now owns 1,849,271 shares of the financial services provider’s stock valued at $63,689,000 after acquiring an additional 107,962 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in BankUnited by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 1,461,439 shares of the financial services provider’s stock valued at $50,332,000 after acquiring an additional 53,905 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in BankUnited by 8.8% in the first quarter. Royce & Associates LP now owns 1,250,997 shares of the financial services provider’s stock worth $43,084,000 after purchasing an additional 101,170 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

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.