BankUnited (NYSE:BKU) Insider Sells $194,680.00 in Stock

BankUnited, Inc. (NYSE:BKU) insider Jay Richards sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the transaction, the insider owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BankUnited Price Performance

BankUnited stock traded down $0.19 during mid-day trading on Tuesday, hitting $47.96. 669,509 shares of the company were exchanged, compared to its average volume of 841,032. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $46.75 and a 200 day moving average of $46.37. BankUnited, Inc. has a 1-year low of $33.33 and a 1-year high of $52.11. The company has a market capitalization of $3.49 billion, a PE ratio of 13.36 and a beta of 1.17.

BankUnited (NYSE:BKU) last released its quarterly earnings data 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 company had revenue of $273.69 million for the quarter, compared to analyst estimates of $284.57 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. As a group, sell-side analysts expect that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Hovde Group dropped their price objective on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Wells Fargo & Company increased their price objective on BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods dropped their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. Finally, Zacks Research lowered BankUnited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.27.

Hedge Funds Weigh In On BankUnited

Hedge funds have recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new position in BankUnited in the fourth quarter valued at about $30,000. Kestra Advisory Services LLC bought a new position in BankUnited in the fourth quarter valued at about $35,000. Strs Ohio bought a new position in BankUnited in the first quarter valued at about $28,000. Quarry LP boosted its holdings in BankUnited by 158.2% in the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 576 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in BankUnited by 4,293.5% in the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,331 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

About BankUnited

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.