BankUnited (NYSE:BKU) Insider Sells $194,680.00 in Stock

BankUnited, Inc. (NYSE:BKU) insider Jay Richards sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the sale, the insider owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This trade represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

BankUnited Stock Performance

Shares of BKU opened at $47.41 on Friday. The stock has a market capitalization of $3.45 billion, a PE ratio of 13.21 and a beta of 1.17. BankUnited, Inc. has a 12-month low of $33.33 and a 12-month high of $52.11. The business’s fifty day moving average price is $46.84 and its 200 day moving average price is $46.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82.

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

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders 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. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, April 10th. BankUnited’s dividend payout ratio is 36.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BKU. Royal Bank of Canada raised its stake in shares of BankUnited by 15.3% during the first quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 2,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BankUnited by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 1,934 shares in the last quarter. Jane Street Group LLC bought a new position in BankUnited in the 1st quarter valued at about $9,100,000. Strs Ohio acquired a new position in BankUnited during the 1st quarter valued at about $28,000. Finally, Invesco Ltd. raised its position in shares of BankUnited by 1.2% during the 2nd quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock worth $20,318,000 after buying an additional 6,815 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BKU. Keefe, Bruyette & Woods reduced their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Citigroup dropped their target price on BankUnited from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Barclays cut their target price on BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. Hovde Group lowered their price target on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Seven investment 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 a consensus price target of $53.27.

About BankUnited

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.