BankUnited (NYSE:BKU) Director John Digiacomo Sells 1,000 Shares

BankUnited, Inc. (NYSE:BKU) Director John Digiacomo sold 1,000 shares of BankUnited stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the transaction, the director directly owned 15,027 shares in the company, valued at $690,791.19. This represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BankUnited Price Performance

NYSE BKU opened at $46.67 on Wednesday. The firm’s fifty day simple moving average is $46.20 and its two-hundred day simple moving average is $45.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited, Inc. has a 12-month low of $33.33 and a 12-month high of $52.11. The firm has a market capitalization of $3.39 billion, a P/E ratio of 13.00 and a beta of 1.17.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The firm had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. During the same period in the prior year, the firm posted $0.78 earnings per share. Analysts forecast that BankUnited, Inc. will post 4.16 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, April 10th. This is an increase from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. BankUnited’s payout ratio is presently 36.77%.

Analysts Set New Price Targets

Several research firms have recently commented on BKU. Keefe, Bruyette & Woods lowered their price objective on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Citigroup lowered their price objective on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eurizon Capital SGR S.p.A. acquired a new position in BankUnited during the fourth quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in BankUnited during the fourth quarter valued at $35,000. Strs Ohio acquired a new position in BankUnited during the first quarter valued at $28,000. Quarry LP lifted its position in BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 576 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in BankUnited by 202.0% during the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 814 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.