BankUnited, Inc. (NYSE:BKU - Get Free Report) insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the transaction, the insider now owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BankUnited Price Performance
Shares of NYSE:BKU opened at $33.88 on Friday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 11.00 and a beta of 1.37. The business has a fifty day simple moving average of $39.17 and a 200 day simple moving average of $38.39. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year high of $44.45.
BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm earned $0.26 earnings per share. As a group, sell-side analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.
BankUnited Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, January 10th. BankUnited's payout ratio is 37.66%.
Institutional Investors Weigh In On BankUnited
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC acquired a new stake in shares of BankUnited in the third quarter worth $443,000. Principal Financial Group Inc. increased its holdings in shares of BankUnited by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock worth $13,836,000 after purchasing an additional 10,064 shares during the period. SG Americas Securities LLC raised its position in shares of BankUnited by 462.0% during the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 22,981 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of BankUnited by 211.5% in the third quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider's stock valued at $2,172,000 after buying an additional 40,461 shares during the period. Finally, MML Investors Services LLC bought a new stake in shares of BankUnited in the third quarter valued at about $347,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Barclays decreased their price target on BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. Royal Bank of Canada raised their target price on shares of BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on shares of BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BankUnited currently has an average rating of "Hold" and an average price target of $43.40.
Read Our Latest Research Report on BKU
About BankUnited
(
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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