Insider Selling: BankUnited, Inc. (NYSE:BKU) Insider Sells 2,500 Shares of Stock

BankUnited, Inc. (NYSE:BKU) insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the transaction, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. This trade represents a 6.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BankUnited Stock Performance

Shares of BankUnited stock opened at $41.00 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The stock’s fifty day moving average price is $36.84 and its 200-day moving average price is $33.91. The firm has a market cap of $3.06 billion, a P/E ratio of 16.80 and a beta of 1.33. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $41.72.

BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The business had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. During the same quarter last year, the firm posted $0.63 EPS. On average, equities research analysts expect that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s payout ratio is 47.54%.

Institutional Trading of BankUnited

A number of hedge funds have recently bought and sold shares of BKU. Geode Capital Management LLC increased its holdings in shares of BankUnited by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after acquiring an additional 20,218 shares during the period. Barclays PLC grew its stake in BankUnited by 48.3% in the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider’s stock valued at $6,677,000 after purchasing an additional 59,644 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of BankUnited by 8.8% during the third quarter. Public Employees Retirement System of Ohio now owns 74,966 shares of the financial services provider’s stock valued at $2,732,000 after buying an additional 6,087 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of BankUnited during the third quarter valued at about $1,261,000. Finally, MML Investors Services LLC bought a new position in shares of BankUnited during the 3rd quarter worth approximately $347,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

BKU has been the topic of several analyst reports. Citigroup cut their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. Barclays upped their price objective on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Wedbush lifted their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $48.00 in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, BankUnited has an average rating of “Hold” and an average price target of $37.40.

About BankUnited

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.