BankUnited, Inc. (NYSE:BKU – Get Free Report) insider Jay D. Richards sold 10,143 shares of BankUnited stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.61, for a total value of $371,335.23. Following the completion of the transaction, the insider now directly owns 37,187 shares in the company, valued at $1,361,416.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
BankUnited Price Performance
BankUnited stock traded up $0.73 on Tuesday, reaching $38.08. The company’s stock had a trading volume of 1,065,132 shares, compared to its average volume of 844,103. 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 cap of $2.85 billion, a price-to-earnings ratio of 16.48 and a beta of 1.35. The business’s fifty day moving average price is $29.52 and its 200 day moving average price is $28.28. BankUnited, Inc. has a twelve month low of $20.84 and a twelve month high of $38.50.
BankUnited (NYSE:BKU – Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The company had revenue of $250.20 million for the quarter, compared to analyst estimates of $243.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Equities analysts expect that BankUnited, Inc. will post 2.82 earnings per share for the current fiscal year.
BankUnited Announces Dividend
Analysts Set New Price Targets
Several research analysts have commented on BKU shares. Hovde Group lifted their price target on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada lifted their price target on BankUnited from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price objective on BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods lowered their price objective on BankUnited from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Finally, Barclays boosted their price objective on BankUnited from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.27.
Check Out Our Latest Report on BankUnited
Institutional Investors Weigh In On BankUnited
A number of institutional investors and hedge funds have recently made changes to their positions in BKU. Jennison Associates LLC raised its position in shares of BankUnited by 54.3% during the fourth quarter. Jennison Associates LLC now owns 1,459,268 shares of the financial services provider’s stock worth $47,324,000 after acquiring an additional 513,342 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of BankUnited by 422.5% during the first quarter. Assenagon Asset Management S.A. now owns 584,573 shares of the financial services provider’s stock worth $16,368,000 after acquiring an additional 472,694 shares during the last quarter. Vanguard Group Inc. raised its position in shares of BankUnited by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after acquiring an additional 332,567 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of BankUnited by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,596,577 shares of the financial services provider’s stock worth $116,639,000 after acquiring an additional 251,281 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of BankUnited by 17.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,921 shares of the financial services provider’s stock worth $46,989,000 after acquiring an additional 212,496 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.
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.
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