John Digiacomo Sells 1,000 Shares of BankUnited (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU) Director John Digiacomo sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director directly owned 15,027 shares in the company, valued at $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BankUnited Stock Down 2.4%

BKU stock opened at $45.57 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.31 billion, a PE ratio of 12.69 and a beta of 1.17. BankUnited, Inc. has a 1-year low of $33.33 and a 1-year high of $52.11. The business’s 50 day simple moving average is $46.28 and its 200 day simple moving average is $45.95.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The business had revenue of $273.69 million for the quarter, compared to analyst estimates of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, research analysts anticipate that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were paid a $0.33 dividend. This is a boost from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, April 10th. This represents a $1.32 annualized dividend and a yield of 2.9%. BankUnited’s dividend payout ratio is presently 36.77%.

Institutional Investors Weigh In On BankUnited

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in BankUnited during the first quarter worth about $28,000. Eurizon Capital SGR S.p.A. bought a new stake in BankUnited during the fourth quarter worth about $30,000. Kestra Advisory Services LLC bought a new stake in BankUnited during the fourth quarter worth about $35,000. Quarry LP lifted its position in BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in BankUnited by 202.0% during the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 814 shares during the period. Institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

BKU has been the subject of several recent research reports. Hovde Group reduced their price target on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Zacks Research downgraded BankUnited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Barclays reduced their price target on BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 7th. Citigroup lowered their target price on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.27.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.