BankUnited, Inc. (NYSE:BKU) Director Acquires $64,140.00 in Stock

BankUnited, Inc. (NYSE:BKUGet Free Report) Director Sanjiv Sobti bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $32.07 per share, for a total transaction of $64,140.00. Following the completion of the acquisition, the director now directly owns 20,782 shares of the company’s stock, valued at approximately $666,478.74. This trade represents a 10.65 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BankUnited Stock Performance

Shares of BankUnited stock opened at $34.46 on Friday. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The firm has a market capitalization of $2.58 billion, a P/E ratio of 11.19 and a beta of 1.40. The company’s 50 day moving average price is $38.51 and its two-hundred day moving average price is $38.20.

BankUnited (NYSE:BKUGet Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period last year, the company earned $0.26 EPS. On average, equities analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. BankUnited’s dividend payout ratio is currently 37.66%.

Analyst Ratings Changes

Several brokerages have recently commented on BKU. Barclays lowered their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group raised their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Compass Point raised their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price objective on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.18.

Read Our Latest Stock Analysis on BankUnited

Institutional Trading of BankUnited

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after buying an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 410 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited during the fourth quarter worth $73,000. Smartleaf Asset Management LLC lifted its holdings in shares of BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,407 shares during the period. Finally, R Squared Ltd acquired a new position in shares of BankUnited during the fourth quarter worth $113,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Company Profile

(Get Free Report)

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.

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