BankUnited, Inc. (NYSE:BKU - Get Free Report) Director Sanjiv Sobti bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the completion of the acquisition, the director now owns 20,782 shares in the company, valued at approximately $666,478.74. This trade represents a 10.65 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
BankUnited Stock Down 1.1 %
NYSE BKU opened at $32.99 on Friday. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 10.71 and a beta of 1.40. The stock's 50 day moving average is $38.61 and its two-hundred day moving average is $38.24. 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 (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS 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 firm earned $0.26 EPS. Equities analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.
BankUnited Announces Dividend
The company also recently disclosed 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 3.52%. BankUnited's payout ratio is 37.66%.
Institutional Trading of BankUnited
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake 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 acquiring an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 410 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited in the 4th quarter valued at $73,000. Smartleaf Asset Management LLC grew its stake 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 bought a new stake in BankUnited in the fourth quarter valued at about $113,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have issued reports on BKU. Barclays dropped their price objective on BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Compass Point lifted their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased 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. Piper Sandler raised shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped 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, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $43.18.
View Our Latest Stock Report on BankUnited
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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