BankUnited, Inc. (NYSE:BKU) Director John N. Digiacomo Sells 1,500 Shares

BankUnited, Inc. (NYSE:BKU) Director John N. Digiacomo sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the transaction, the director now directly owns 13,482 shares in the company, valued at $394,752.96. The sale was disclosed in a filing with the SEC, which is available through this link.

BankUnited Stock Performance

BKU traded down $0.16 on Wednesday, reaching $29.01. The stock had a trading volume of 558,334 shares, compared to its average volume of 849,901. The business’s 50-day moving average price is $27.47 and its two-hundred day moving average price is $28.06. The company has a market cap of $2.17 billion, a P/E ratio of 12.57 and a beta of 1.34. BankUnited, Inc. has a 12-month low of $18.54 and a 12-month high of $34.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $508.35 million during the quarter, compared to analyst estimates of $239.84 million. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. During the same quarter in the previous year, the business earned $0.70 EPS. Sell-side analysts forecast that BankUnited, Inc. will post 2.74 earnings per share for the current year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.00%. This is an increase from BankUnited’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, April 11th. BankUnited’s dividend payout ratio is presently 50.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BKU. Headlands Technologies LLC purchased a new position in BankUnited during the first quarter valued at $57,000. Nisa Investment Advisors LLC raised its position in shares of BankUnited by 106.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of BankUnited during the 4th quarter worth about $147,000. PNC Financial Services Group Inc. lifted its stake in BankUnited by 16.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider’s stock valued at $231,000 after buying an additional 1,434 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in BankUnited in the 4th quarter worth about $238,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BKU shares. StockNews.com raised shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Wells Fargo & Company boosted their price objective on shares of BankUnited from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Wedbush reduced their target price on BankUnited from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Citigroup dropped their price target on BankUnited from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on BankUnited from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, BankUnited has a consensus rating of “Hold” and an average price target of $30.50.

BankUnited Company Profile

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.