BankUnited, Inc. (NYSE:BKU) Director Sells $303,314.48 in Stock

BankUnited, Inc. (NYSE:BKU) Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total value of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

BankUnited Stock Down 2.9 %

Shares of BankUnited stock opened at $35.64 on Monday. The business has a 50-day moving average price of $31.04 and a 200 day moving average price of $28.75. BankUnited, Inc. has a fifty-two week low of $20.84 and a fifty-two week high of $39.51. The firm has a market cap of $2.66 billion, a P/E ratio of 15.36 and a beta of 1.35. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 1.22.

BankUnited (NYSE:BKU) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The company had revenue of $250.20 million during the quarter, compared to analyst estimates of $243.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. On average, sell-side analysts forecast that BankUnited, Inc. will post 2.86 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.25%. BankUnited’s dividend payout ratio (DPR) is 50.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BKU. Natixis Advisors LLC grew its position in shares of BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock valued at $1,405,000 after buying an additional 497 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in BankUnited by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 800 shares during the period. Inspire Investing LLC grew its holdings in shares of BankUnited by 6.8% during the first quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 807 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of BankUnited by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 65,090 shares of the financial services provider’s stock worth $1,823,000 after purchasing an additional 896 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of BankUnited by 0.8% in the 1st quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider’s stock worth $3,160,000 after purchasing an additional 906 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKU. Hovde Group upped their target price on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods decreased their price objective on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Barclays increased their price target on BankUnited from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Finally, Wedbush raised their price objective on BankUnited from $30.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.40.

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.