BankUnited, Inc. (NYSE:BKU – Get Free Report) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Friday, July 10th will be given a dividend of 0.33 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 10th.
BankUnited has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. BankUnited has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect BankUnited to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 28.0%.
BankUnited Stock Down 1.2%
Shares of NYSE BKU opened at $48.87 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited has a 52 week low of $34.79 and a 52 week high of $52.11. The firm’s fifty day moving average is $47.36 and its 200 day moving average is $46.80. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 13.61 and a beta of 1.17.
Insider Transactions at BankUnited
In other BankUnited news, insider Jay D. Richards sold 4,000 shares of BankUnited stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the sale, the insider directly owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at $690,791.19. This trade represents a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On BankUnited
Several hedge funds have recently made changes to their positions in the company. HoldCo Asset Management LP bought a new stake in shares of BankUnited during the 3rd quarter valued at $35,752,000. Tudor Investment Corp ET AL bought a new position in shares of BankUnited in the 3rd quarter worth about $7,599,000. Jain Global LLC purchased a new position in BankUnited during the 3rd quarter valued at about $11,224,000. Artemis Investment Management LLP bought a new stake in BankUnited during the fourth quarter worth about $73,655,000. Finally, Capitolis Liquid Global Markets LLC bought a new stake in BankUnited during the third quarter worth about $4,648,000. 99.70% of the stock is currently owned by institutional investors.
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.
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