BankUnited, Inc. (NYSE:BKU) insider Mark Bagnoli sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $39.92, for a total transaction of $39,920.00. Following the transaction, the insider now owns 15,699 shares in the company, valued at $626,704.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
BankUnited, Inc. (NYSE:BKU) traded down 0.515% during midday trading on Friday, reaching $39.625. 196,444 shares of the company’s stock traded hands. BankUnited, Inc. has a 1-year low of $27.85 and a 1-year high of $40.24. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 18.923 and a beta of 1.01. The stock’s 50 day moving average price is $37.62 and its 200 day moving average price is $33.44.
BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $256.80 million for the quarter, compared to analyst estimates of $254.98 million. BankUnited had a net margin of 19.37% and a return on equity of 9.72%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts anticipate that BankUnited, Inc. will post $2.42 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 13th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Wednesday, January 11th. BankUnited’s dividend payout ratio (DPR) is presently 40.19%.
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Several brokerages recently weighed in on BKU. FIG Partners began coverage on shares of BankUnited in a report on Thursday, December 1st. They issued a “market perform” rating and a $38.00 price objective on the stock. Barclays PLC upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $40.00 in a report on Tuesday, December 6th. Zacks Investment Research lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Hovde Group upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Tuesday. Finally, TheStreet upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $37.88.
Several large investors have recently made changes to their positions in BKU. Tower Research Capital LLC TRC bought a new stake in shares of BankUnited during the third quarter valued at about $177,000. Aperio Group LLC raised its stake in shares of BankUnited by 1.6% in the third quarter. Aperio Group LLC now owns 6,832 shares of the financial services provider’s stock valued at $206,000 after buying an additional 105 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of BankUnited during the third quarter valued at about $211,000. Engineers Gate Manager LP bought a new stake in shares of BankUnited during the third quarter valued at about $233,000. Finally, Calvert Investment Management Inc. raised its stake in shares of BankUnited by 9.4% in the second quarter. Calvert Investment Management Inc. now owns 8,490 shares of the financial services provider’s stock valued at $261,000 after buying an additional 731 shares during the period. 96.92% of the stock is currently owned by institutional investors.
BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
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