Insider Selling: BankUnited, Inc. (NYSE:BKU) Insider Sells 10,143 Shares of Stock

BankUnited, Inc. (NYSE:BKU) 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) 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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.05%. BankUnited’s payout ratio is currently 50.00%.

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.

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.