BankUnited, Inc. (NYSE:BKU) Chairman John Adam Kanas sold 100,400 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $33.05, for a total value of $3,318,220.00. Following the sale, the chairman now owns 742,866 shares in the company, valued at $24,551,721.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Adam Kanas also recently made the following trade(s):

  • On Tuesday, July 25th, John Adam Kanas sold 200,000 shares of BankUnited stock. The shares were sold at an average price of $33.35, for a total value of $6,670,000.00.
  • On Monday, June 26th, John Adam Kanas sold 200,000 shares of BankUnited stock. The shares were sold at an average price of $32.65, for a total value of $6,530,000.00.
  • On Tuesday, May 23rd, John Adam Kanas sold 102,915 shares of BankUnited stock. The shares were sold at an average price of $33.92, for a total value of $3,490,876.80.
  • On Wednesday, May 24th, John Adam Kanas sold 200,000 shares of BankUnited stock. The shares were sold at an average price of $33.92, for a total value of $6,784,000.00.

BankUnited, Inc. (NYSE:BKU) traded up 2.67% during trading on Wednesday, hitting $34.65. The company’s stock had a trading volume of 1,986,560 shares. BankUnited, Inc. has a 12 month low of $28.13 and a 12 month high of $41.00. The firm has a market cap of $3.70 billion, a P/E ratio of 16.08 and a beta of 1.07. The firm has a 50 day moving average of $33.56 and a 200 day moving average of $35.92.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. BankUnited had a return on equity of 9.66% and a net margin of 19.38%. During the same period last year, the company posted $0.52 EPS. Equities research analysts predict that BankUnited, Inc. will post $2.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.42%. BankUnited’s dividend payout ratio is currently 39.07%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/26/bankunited-inc-bku-chairman-sells-3318220-00-in-stock.html.

Several brokerages recently commented on BKU. J P Morgan Chase & Co cut BankUnited from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $42.00 to $39.00 in a report on Wednesday, April 26th. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 target price on shares of BankUnited in a report on Friday, July 7th. Keefe, Bruyette & Woods set a $41.00 target price on BankUnited and gave the company a “hold” rating in a report on Monday, April 3rd. BidaskClub upgraded BankUnited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $41.00 target price (up from $38.00) on shares of BankUnited in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. BankUnited currently has an average rating of “Buy” and an average price target of $41.17.

Several large investors have recently modified their holdings of BKU. Public Employees Retirement Association of Colorado raised its stake in shares of BankUnited by 4.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after buying an additional 128 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of BankUnited by 1.6% in the first quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock worth $610,000 after buying an additional 258 shares in the last quarter. Amalgamated Bank raised its stake in shares of BankUnited by 3.4% in the first quarter. Amalgamated Bank now owns 14,258 shares of the financial services provider’s stock worth $532,000 after buying an additional 463 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of BankUnited by 0.9% in the second quarter. Advisors Capital Management LLC now owns 74,241 shares of the financial services provider’s stock worth $2,503,000 after buying an additional 685 shares in the last quarter. Finally, Cadence Capital Management LLC raised its stake in shares of BankUnited by 7.5% in the first quarter. Cadence Capital Management LLC now owns 14,348 shares of the financial services provider’s stock worth $535,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Insider Buying and Selling by Quarter for BankUnited (NYSE:BKU)

Receive News & Ratings for BankUnited Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited Inc. and related companies with MarketBeat.com's FREE daily email newsletter.