BankUnited, Inc. (NYSE:BKU) COO Thomas M. Cornish Sells 10,778 Shares

BankUnited, Inc. (NYSE:BKU) COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the transaction, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BankUnited Price Performance

Shares of NYSE:BKU opened at $39.79 on Wednesday. The firm has a market cap of $2.97 billion, a PE ratio of 16.31 and a beta of 1.33. BankUnited, Inc. has a 52 week low of $22.16 and a 52 week high of $41.32. The firm’s fifty day moving average is $36.27 and its 200-day moving average is $33.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.87 and a current ratio of 0.88.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter in the previous year, the company earned $0.63 EPS. Sell-side analysts predict that BankUnited, Inc. will post 2.85 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is 47.54%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BKU. Barclays raised their target price on shares of BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Wells Fargo & Company boosted their price target on BankUnited from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Wedbush raised their target price on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Hovde Group boosted their price target on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 target price on shares of BankUnited in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and a consensus price target of $36.40.

Institutional Investors Weigh In On BankUnited

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its holdings in BankUnited by 307.6% during the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,455 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of BankUnited in the 1st quarter worth approximately $57,000. Meeder Asset Management Inc. bought a new position in BankUnited during the second quarter valued at $74,000. Point72 Asia Singapore Pte. Ltd. bought a new position in BankUnited during the second quarter valued at $169,000. Finally, GAMMA Investing LLC increased its position in BankUnited by 17.4% in the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after buying an additional 686 shares during the last quarter. 99.70% of the stock is owned by institutional investors.

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.