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%.

COPYRIGHT VIOLATION WARNING: “BankUnited, Inc. (BKU) Insider Sells $261,170.60 in Stock” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/08/07/bankunited-inc-bku-insider-sells-261170-60-in-stock.html.

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.

About BankUnited

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.