Sanjiv Sobti Acquires 2,000 Shares of BankUnited, Inc. (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti bought 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $32.07 per share, with a total value of $64,140.00. Following the completion of the transaction, the director now owns 20,782 shares in the company, valued at $666,478.74. This represents a 10.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BankUnited Price Performance

BKU stock opened at $34.46 on Friday. The business has a 50 day moving average price of $38.43 and a 200 day moving average price of $38.17. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 11.19 and a beta of 1.40. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the previous year, the business earned $0.26 earnings per share. Equities research analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s dividend payout ratio is currently 37.66%.

Institutional Investors Weigh In On BankUnited

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKU. Wolverine Asset Management LLC lifted its stake in BankUnited by 25.8% in the third quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider’s stock valued at $403,000 after buying an additional 2,267 shares during the last quarter. Versor Investments LP purchased a new stake in BankUnited in the third quarter valued at approximately $302,000. GSA Capital Partners LLP purchased a new stake in BankUnited in the third quarter valued at approximately $257,000. Aigen Investment Management LP purchased a new stake in BankUnited in the third quarter valued at approximately $257,000. Finally, Quest Partners LLC purchased a new stake in shares of BankUnited during the third quarter worth approximately $825,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Wall Street Analyst Weigh In

BKU has been the subject of several research reports. The Goldman Sachs Group lifted their target price on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective for the company in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods boosted their price objective on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.18.

BankUnited Company Profile

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.