BankUnited (NYSE:BKU) Upgraded at Piper Sandler

Piper Sandler upgraded shares of BankUnited (NYSE:BKU) from a neutral rating to an overweight rating in a research note released on Tuesday, MarketBeat reports. They currently have $41.00 price objective on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. StockNews.com upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research report on Monday. Barclays lowered their price objective on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada boosted their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company boosted their price objective on shares of BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.18.

BankUnited Trading Down 1.1 %

Shares of BKU stock opened at $32.99 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.47 billion, a P/E ratio of 10.71 and a beta of 1.40. The stock has a 50 day simple moving average of $38.61 and a 200 day simple moving average of $38.24. BankUnited has a 1 year low of $24.34 and a 1 year high of $44.45.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the previous year, the company earned $0.26 earnings per share. On average, research analysts predict that BankUnited will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.52%. BankUnited’s dividend payout ratio (DPR) is presently 37.66%.

Insider Buying and Selling

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now owns 12,250 shares of the company’s stock, valued at approximately $430,955. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sanjiv Sobti purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $32.07 per share, for a total transaction of $64,140.00. Following the transaction, the director now directly owns 20,782 shares of the company’s stock, valued at approximately $666,478.74. The trade was a 10.65 % increase in their position. The disclosure for this purchase can be found here. 1.19% of the stock is currently owned by insiders.

Institutional Trading of BankUnited

A number of institutional investors have recently bought and sold shares of BKU. Blue Trust Inc. boosted its position in BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 410 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in BankUnited during the fourth quarter valued at $73,000. Smartleaf Asset Management LLC boosted its position in BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,407 shares during the last quarter. Finally, R Squared Ltd bought a new stake in BankUnited during the fourth quarter valued at $113,000. Institutional investors own 99.70% of the company’s stock.

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.