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

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

BankUnited Stock Up 1.9%

Shares of NYSE:BKU traded up $0.87 on Tuesday, hitting $46.67. 409,711 shares of the company traded hands, compared to its average volume of 858,100. BankUnited, Inc. has a 52 week low of $33.33 and a 52 week high of $52.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $46.20 and a 200-day simple moving average of $45.86. The company has a market cap of $3.39 billion, a PE ratio of 13.00 and a beta of 1.17.

BankUnited (NYSE:BKUGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share 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 company had revenue of $273.69 million for the quarter, compared to the consensus estimate of $284.57 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, research analysts expect that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.8%. BankUnited’s payout ratio is 36.77%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of BankUnited during the 1st quarter valued at about $28,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of BankUnited during the 4th quarter valued at about $30,000. Kestra Advisory Services LLC purchased a new position in shares of BankUnited during the 4th quarter valued at about $35,000. Quarry LP lifted its holdings in BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in BankUnited by 202.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 814 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BKU shares. Jefferies Financial Group dropped their target price on BankUnited from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Keefe, Bruyette & Woods lowered their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of BankUnited in a research report on Monday, February 2nd. Finally, Barclays lowered their price objective 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.27.

Get Our Latest Analysis on BKU

About BankUnited

(Get Free Report)

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.

Further Reading

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