BankUnited (NYSE:BKU) Insider Sells $162,388.17 in Stock

BankUnited, Inc. (NYSE:BKU) insider Kevin Malcolm sold 3,447 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the transaction, the insider owned 11,500 shares in the company, valued at $541,765. This represents a 23.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BankUnited Stock Down 3.9%

BKU stock opened at $44.68 on Friday. The stock has a market cap of $3.29 billion, a P/E ratio of 12.62 and a beta of 1.29. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.51. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $52.11. The company’s 50 day moving average is $47.48 and its two-hundred day moving average is $42.91.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $260.80 million during the quarter, compared to analysts’ expectations of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same quarter in the prior year, the business posted $0.91 EPS. Research analysts expect 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 30th. Shareholders of record on Friday, January 9th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, January 9th. BankUnited’s dividend payout ratio is currently 35.03%.

Institutional Investors Weigh In On BankUnited

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HoldCo Asset Management LP grew its holdings in shares of BankUnited by 277.3% during the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock worth $157,568,000 after buying an additional 2,598,382 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in BankUnited during the 4th quarter valued at approximately $73,655,000. Millennium Management LLC lifted its position in BankUnited by 1,066.9% during the 4th quarter. Millennium Management LLC now owns 1,399,655 shares of the financial services provider’s stock worth $62,383,000 after acquiring an additional 1,279,712 shares during the period. UBS Group AG lifted its position in BankUnited by 398.0% during the 4th quarter. UBS Group AG now owns 1,170,378 shares of the financial services provider’s stock worth $52,164,000 after acquiring an additional 935,370 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of BankUnited by 73.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,542,020 shares of the financial services provider’s stock valued at $68,728,000 after purchasing an additional 652,926 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BKU. Susquehanna upgraded BankUnited to a “positive” rating in a research report on Wednesday, January 21st. Hovde Group reissued an “outperform” rating and issued a $51.00 target price on shares of BankUnited in a research report on Monday, December 8th. Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, January 21st. Jefferies Financial Group cut their price target on BankUnited from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on BankUnited from $42.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BankUnited currently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.