BankUnited (NYSE:BKU) Director Sanjiv Sobti Sells 5,000 Shares of Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti sold 5,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $50.88, for a total transaction of $254,400.00. Following the completion of the transaction, the director owned 18,816 shares in the company, valued at $957,358.08. The trade was a 20.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BankUnited Stock Performance

Shares of NYSE:BKU opened at $49.85 on Wednesday. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 14.08 and a beta of 1.30. The company has a 50-day moving average price of $46.48 and a 200-day moving average price of $41.51. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51. BankUnited, Inc. has a 12 month low of $28.21 and a 12 month high of $52.11.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.The company had revenue of $288.20 million for the quarter, compared to analysts’ expectations of $279.76 million. During the same period last year, the firm earned $0.91 earnings per share. As a group, equities analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.24 annualized dividend and a dividend yield of 2.5%. BankUnited’s payout ratio is 35.03%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BKU. Strs Ohio purchased a new stake in BankUnited in the first quarter worth about $28,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $30,000. Salomon & Ludwin LLC bought a new stake in shares of BankUnited in the 3rd quarter worth approximately $34,000. Quarry LP grew its stake in shares of BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after buying an additional 576 shares during the last quarter. Finally, Bayforest Capital Ltd grew its stake in shares of BankUnited by 32.3% in the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock worth $40,000 after buying an additional 271 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of BankUnited in a report on Wednesday, January 21st. Wells Fargo & Company raised their target price on shares of BankUnited from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Piper Sandler lifted their target price on shares of BankUnited from $42.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Barclays increased their price target on shares of BankUnited from $47.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of BankUnited from $48.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.45.

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.