Sanjiv Sobti Acquires 1,000 Shares of BankUnited, Inc. (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the purchase, the director now owns 21,782 shares in the company, valued at $715,103.06. This trade represents a 4.81 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sanjiv Sobti also recently made the following trade(s):

• On Tuesday, March 11th, Sanjiv Sobti acquired 2,000 shares of BankUnited stock. The shares were bought at an average price of $32.07 per share, with a total value of $64,140.00.

BankUnited Stock Performance

NYSE BKU opened at $34.46 on Wednesday. The company has a market cap of $2.58 billion, a P/E ratio of 11.19 and a beta of 1.40. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The business’s 50 day moving average price is $38.26 and its 200-day moving average price is $38.12. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.26 EPS. Sell-side analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.37%. The ex-dividend date was Friday, January 10th. BankUnited’s dividend payout ratio (DPR) is presently 37.66%.

Hedge Funds Weigh In On BankUnited

Several hedge funds have recently bought and sold shares of BKU. Blue Trust Inc. grew its position in BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after buying an additional 410 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited during the 4th quarter worth $73,000. Smartleaf Asset Management LLC grew its position in shares of BankUnited by 270.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,407 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of BankUnited during the 4th quarter worth $113,000. Institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

BKU has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. StockNews.com cut BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday. Compass Point boosted their price target on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada boosted their price target on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, BankUnited has an average rating of “Hold” and an average 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.