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

BankUnited, Inc. (NYSE:BKU) 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:BKU) 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.

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

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.