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

BankUnited, Inc. (NYSE:BKU) insider Jay D. Richards sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the transaction, the insider now owns 34,687 shares in the company, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

BankUnited Stock Down 1.1 %

BKU opened at $41.00 on Thursday. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $41.72. 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 firm has a 50-day simple moving average of $36.84 and a two-hundred day simple moving average of $33.91. The company has a market capitalization of $3.06 billion, a PE ratio of 16.80 and a beta of 1.33.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter last year, the business posted $0.63 EPS. Analysts forecast that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

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

Institutional Investors Weigh In On BankUnited

A number of hedge funds have recently bought and sold shares of BKU. CWM LLC grew its stake in shares of BankUnited by 307.6% in the 2nd 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 in the last quarter. Meeder Asset Management Inc. bought a new position in shares of BankUnited in the 2nd quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in BankUnited in the second quarter worth about $169,000. GAMMA Investing LLC increased its stake in BankUnited by 17.4% during the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 686 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in BankUnited during the second quarter worth approximately $175,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BKU shares. Citigroup dropped their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a research report on Wednesday, October 23rd. Wedbush boosted their price objective on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Barclays raised their target price on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $48.00 in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, BankUnited has an average 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.