BankUnited (NYSE:BKU) Insider Jay Richards Sells 4,000 Shares
by Michael Walen · The Markets DailyBankUnited, Inc. (NYSE:BKU – Get Free Report) insider Jay Richards sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the sale, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. The trade was a 8.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
BankUnited Stock Performance
BankUnited stock traded down $0.19 during trading hours on Tuesday, reaching $47.96. 669,509 shares of the company were exchanged, compared to its average volume of 841,032. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 13.36 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $46.75 and a 200 day moving average of $46.37. BankUnited, Inc. has a 12 month low of $33.33 and a 12 month high of $52.11.
BankUnited (NYSE:BKU – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The company had revenue of $273.69 million for the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period in the previous year, the company earned $0.78 EPS. As a group, research analysts anticipate that BankUnited, Inc. will post 4.16 earnings per share for the current year.
BankUnited Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a $0.33 dividend. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.
Wall Street Analyst Weigh In
BKU has been the subject of several research reports. Barclays reduced their price objective on BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 7th. Cantor Fitzgerald increased their price objective on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company increased their price objective on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Raymond James Financial reissued an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Finally, Zacks Research cut BankUnited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.27.
Get Our Latest Research Report on BankUnited
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of BKU. Strs Ohio bought a new position in BankUnited in the first quarter worth $28,000. Eurizon Capital SGR S.p.A. bought a new position in BankUnited in the fourth quarter worth $30,000. Kestra Advisory Services LLC bought a new position in BankUnited in the fourth quarter worth $35,000. Quarry LP lifted its position in BankUnited by 158.2% in the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in BankUnited by 4,293.5% in the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,331 shares during the period. 99.70% of the stock is owned by institutional investors.
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.