BankUnited, Inc. (NYSE:BKU) Insider Jay D. Richards Sells 2,500 Shares

BankUnited, Inc. (NYSE:BKU) insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the sale, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. The trade was a 6.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

BankUnited Trading Down 1.1 %

BKU traded down $0.47 during trading on Wednesday, reaching $41.00. 1,051,495 shares of the stock traded hands, compared to its average volume of 821,508. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The stock’s 50-day moving average is $36.72 and its 200 day moving average is $33.86. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $41.72. The stock has a market capitalization of $3.06 billion, a PE ratio of 16.99 and a beta of 1.33.

BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The business had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. During the same period in the prior year, the firm earned $0.63 earnings per share. Equities analysts anticipate that BankUnited, Inc. will post 2.84 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.83%. BankUnited’s payout ratio is currently 47.54%.

Institutional Investors Weigh In On BankUnited

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of BankUnited by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock valued at $265,542,000 after buying an additional 280,993 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in BankUnited by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock valued at $134,144,000 after purchasing an additional 315,872 shares during the period. Millennium Management LLC raised its position in shares of BankUnited by 49.2% in the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock valued at $65,778,000 after purchasing an additional 740,896 shares during the period. Geode Capital Management LLC lifted its holdings in BankUnited by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock worth $62,674,000 after purchasing an additional 20,218 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in BankUnited by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock valued at $31,659,000 after purchasing an additional 236,174 shares during the period. Institutional investors own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

BKU has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Citigroup lowered their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Wells Fargo & Company upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $48.00 in a research note on Wednesday, November 13th. Barclays boosted their price target on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.40.

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.