BankUnited, Inc. (NYSE:BKU - Get Free Report) Director Sanjiv Sobti purchased 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the transaction, the director now owns 21,782 shares in the company, valued at approximately $715,103.06. The trade was a 4.81 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Sanjiv Sobti also recently made the following trade(s):
- On Tuesday, March 11th, Sanjiv Sobti acquired 2,000 shares of BankUnited stock. The shares were purchased at an average price of $32.07 per share, with a total value of $64,140.00.
BankUnited Stock Down 0.4 %
Shares of NYSE:BKU opened at $34.30 on Tuesday. The firm has a market capitalization of $2.56 billion, a PE ratio of 11.14 and a beta of 1.40. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year 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's 50-day moving average is $38.33 and its two-hundred day moving average is $38.15.
BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $0.26 EPS. Analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.
BankUnited Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued 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 3.38%. BankUnited's dividend payout ratio (DPR) is presently 37.66%.
Analyst Ratings Changes
Several research firms have recently weighed in on BKU. Royal Bank of Canada increased their price target 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. StockNews.com lowered BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a research report on Tuesday, March 11th. Barclays lowered their price target on BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Finally, Keefe, Bruyette & Woods raised their price objective on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $43.18.
Read Our Latest Report on BankUnited
Institutional Investors Weigh In On BankUnited
Several large investors have recently bought and sold shares of BKU. Balyasny Asset Management L.P. acquired a new position in shares of BankUnited during the fourth quarter worth about $34,525,000. Freestone Grove Partners LP purchased a new position in BankUnited in the fourth quarter worth approximately $30,499,000. Cramer Rosenthal Mcglynn LLC acquired a new position in BankUnited during the 4th quarter worth approximately $18,663,000. Basswood Capital Management L.L.C. purchased a new stake in shares of BankUnited in the 3rd quarter valued at approximately $17,745,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of BankUnited by 12.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock valued at $107,696,000 after purchasing an additional 322,368 shares in the last quarter. Hedge funds and other institutional investors 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
