Insider Selling: BankUnited, Inc. (NYSE:BKU) Insider Sells $371,335.23 in Stock

BankUnited, Inc. (NYSE:BKU) insider Jay D. Richards sold 10,143 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $36.61, for a total transaction of $371,335.23. Following the completion of the transaction, the insider now directly owns 37,187 shares in the company, valued at approximately $1,361,416.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

BankUnited Stock Performance

Shares of BKU stock opened at $37.80 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 0.87. The company has a market capitalization of $2.83 billion, a P/E ratio of 16.29 and a beta of 1.35. The company’s 50 day moving average price is $29.99 and its two-hundred day moving average price is $28.45. BankUnited, Inc. has a 52 week low of $20.84 and a 52 week high of $38.50.

BankUnited (NYSE:BKU) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $250.20 million for the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, analysts expect that BankUnited, Inc. will post 2.83 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 annualized dividend and a yield of 3.07%. BankUnited’s dividend payout ratio (DPR) is currently 50.00%.

Institutional Trading of BankUnited

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of BankUnited by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock valued at $265,542,000 after purchasing an additional 280,993 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BankUnited by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,596,577 shares of the financial services provider’s stock valued at $116,639,000 after purchasing an additional 251,281 shares during the last quarter. LSV Asset Management raised its holdings in shares of BankUnited by 3.4% in the fourth quarter. LSV Asset Management now owns 2,427,027 shares of the financial services provider’s stock valued at $78,708,000 after purchasing an additional 80,577 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of BankUnited by 6.4% in the first quarter. Jennison Associates LLC now owns 1,552,387 shares of the financial services provider’s stock valued at $43,467,000 after purchasing an additional 93,119 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of BankUnited by 17.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,921 shares of the financial services provider’s stock valued at $46,989,000 after purchasing an additional 212,496 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BKU. Royal Bank of Canada raised their target price on shares of BankUnited from $29.00 to $31.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 9th. Wells Fargo & Company lifted their price objective on shares of BankUnited from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday. Barclays lifted their price objective on shares of BankUnited from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, StockNews.com raised shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.27.

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.