Jay Richards Sells 4,000 Shares of BankUnited (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU) insider Jay Richards sold 4,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the sale, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. The trade was a 8.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BankUnited Stock Down 2.6%

Shares of BankUnited stock opened at $46.79 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited, Inc. has a 12-month low of $33.33 and a 12-month high of $52.11. The company has a market cap of $3.40 billion, a P/E ratio of 13.03 and a beta of 1.17. The company’s fifty day simple moving average is $46.81 and its two-hundred day simple moving average is $46.43.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The company had revenue of $273.69 million for the quarter, compared to the consensus estimate of $284.57 million. During the same period in the previous year, the firm posted $0.78 EPS. Research analysts anticipate that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s payout ratio is presently 36.77%.

Institutional Investors Weigh In On BankUnited

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in shares of BankUnited in the first quarter worth $28,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of BankUnited in the 4th quarter worth about $30,000. Kestra Advisory Services LLC bought a new position in BankUnited in the 4th quarter worth about $35,000. Quarry LP boosted its stake in BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in BankUnited by 4,293.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,331 shares during the last quarter. 99.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Hovde Group lowered their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Barclays decreased their price objective on BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Cantor Fitzgerald boosted their target price on shares of BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company increased their price target on shares of BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.27.

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.