BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti Buys 1,000 Shares

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti acquired 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the transaction, the director now owns 21,782 shares in the company, valued at approximately $715,103.06. The trade was a 4.81 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Sanjiv Sobti also recently made the following trade(s):

• On Tuesday, March 11th, Sanjiv Sobti acquired 2,000 shares of BankUnited stock. The stock was purchased at an average cost of $32.07 per share, for a total transaction of $64,140.00.

BankUnited Stock Performance

Shares of NYSE BKU opened at $34.83 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The company has a 50 day simple moving average of $38.18 and a two-hundred day simple moving average of $38.10. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 11.31 and a beta of 1.40.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Friday, January 10th. BankUnited’s dividend payout ratio is currently 37.66%.

Hedge Funds Weigh In On BankUnited

Several large investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC lifted its stake in shares of BankUnited by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 426 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of BankUnited by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 495 shares during the period. Blue Trust Inc. lifted its stake in shares of BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 547 shares during the period. Finally, Atria Investments Inc lifted its stake in shares of BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 555 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Barclays lowered their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price for the company in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada lifted their target price on shares of BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.18.

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.