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

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

BankUnited Stock Up 3.8%

NYSE:BKU opened at $47.32 on Friday. The firm has a market cap of $3.44 billion, a P/E ratio of 13.18 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. BankUnited, Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $52.11. The firm has a 50-day simple moving average of $46.33 and a two-hundred day simple moving average of $46.00.

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

BankUnited Increases Dividend

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

Hedge Funds Weigh In On BankUnited

Institutional investors and hedge funds have recently made changes to their positions in the business. HoldCo Asset Management LP purchased a new position in shares of BankUnited in the third quarter worth approximately $35,752,000. Tudor Investment Corp ET AL purchased a new position in BankUnited during the third quarter valued at approximately $7,599,000. Public Sector Pension Investment Board lifted its holdings in BankUnited by 11.7% during the third quarter. Public Sector Pension Investment Board now owns 334,570 shares of the financial services provider’s stock valued at $12,767,000 after purchasing an additional 34,952 shares in the last quarter. Jain Global LLC purchased a new position in BankUnited during the third quarter valued at approximately $11,224,000. Finally, Artemis Investment Management LLP purchased a new position in BankUnited during the fourth quarter valued at approximately $73,655,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Wall Street Analyst Weigh In

BKU has been the subject of a number of research analyst reports. Cantor Fitzgerald lifted their price target on shares of BankUnited from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Citigroup reduced their price target on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Wall Street Zen upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.27.

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.