BankUnited (NYSE:BKU) Director Sells $45,970.00 in Stock

BankUnited, Inc. (NYSE:BKU) Director John Digiacomo sold 1,000 shares of BankUnited stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the sale, the director owned 15,027 shares of the company’s stock, valued at $690,791.19. This represents a 6.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BankUnited Stock Up 1.9%

NYSE BKU traded up $0.87 during mid-day trading on Tuesday, hitting $46.67. The company’s stock had a trading volume of 409,711 shares, compared to its average volume of 858,100. The company’s 50 day simple moving average is $46.20 and its 200 day simple moving average is $45.86. BankUnited, Inc. has a twelve month low of $33.33 and a twelve month high of $52.11. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.00 and a beta of 1.17.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The firm had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts anticipate that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a $0.33 dividend. This is an increase from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. BankUnited’s payout ratio is presently 36.77%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BKU shares. Wells Fargo & Company upped their price target on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Cantor Fitzgerald upped their price target on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, Barclays decreased their price target on BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. HoldCo Asset Management LP purchased a new stake in BankUnited in the third quarter worth $35,752,000. Tudor Investment Corp ET AL purchased a new stake in BankUnited in the third quarter worth $7,599,000. Public Sector Pension Investment Board lifted its stake in BankUnited by 11.7% in the third quarter. Public Sector Pension Investment Board now owns 334,570 shares of the financial services provider’s stock worth $12,767,000 after acquiring an additional 34,952 shares during the period. Artemis Investment Management LLP purchased a new stake in BankUnited in the fourth quarter worth $73,655,000. Finally, Jain Global LLC bought a new position in BankUnited in the third quarter worth $11,224,000. 99.70% of the stock is currently owned by institutional investors.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.