BankUnited, Inc. (BKU) Insider Sells $261,170.60 in Stock
BankUnited, Inc. (NYSE:BKU) insider Jeffrey Starr sold 7,445 shares of BankUnited stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.08, for a total transaction of $261,170.60. Following the sale, the insider now directly owns 29,000 shares of the company’s stock, valued at $1,017,320. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of BankUnited, Inc. (BKU) traded down 1.79% on Monday, hitting $34.51. 444,808 shares of the stock were exchanged. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 15.44 and a beta of 1.07. The firm’s 50 day moving average price is $33.69 and its 200 day moving average price is $35.82. BankUnited, Inc. has a one year low of $28.13 and a one year high of $41.00.
BankUnited (NYSE:BKU) last released 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 net margin of 19.54% and a return on equity of 9.95%. The business had revenue of $269.48 million for the quarter, compared to analysts’ expectations of $258.47 million. During the same quarter last year, the company earned $0.52 EPS. Equities analysts anticipate that BankUnited, Inc. will post $2.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were issued a $0.21 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.43%. BankUnited’s dividend payout ratio (DPR) is presently 37.67%.
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Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its stake in 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 during the period. Karp Capital Management Corp purchased a new stake in BankUnited during the first quarter worth $222,000. Janney Montgomery Scott LLC boosted its stake in BankUnited by 12.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,710 shares of the financial services provider’s stock worth $226,000 after buying an additional 738 shares during the period. Worth Venture Partners LLC purchased a new stake in BankUnited during the first quarter worth $259,000. Finally, Nomura Holdings Inc. purchased a new stake in BankUnited during the first quarter worth $298,000.
Several research firms have recently issued reports on BKU. J P Morgan Chase & Co cut shares of BankUnited from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $39.00 in a research report on Wednesday, April 26th. BMO Capital Markets reiterated a “hold” rating and set a $40.00 price target on shares of BankUnited in a research note on Friday, July 7th. Keefe, Bruyette & Woods upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $42.00 to $41.00 in a research note on Wednesday, April 26th. BidaskClub upgraded shares of BankUnited from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Barclays PLC reiterated an “overweight” rating and set a $41.00 price target (up from $38.00) on shares of BankUnited in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $41.17.
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.
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