Mark Bagnoli Sells 1,000 Shares of BankUnited, Inc. (BKU) Stock
BankUnited, Inc. (NYSE:BKU) insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the transaction, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of BankUnited, Inc. (BKU) traded down $0.26 during trading on Friday, reaching $35.53. 240,461 shares of the company’s stock were exchanged, compared to its average volume of 842,721. The company has a market cap of $3,800.00, a price-to-earnings ratio of 15.04, a PEG ratio of 1.69 and a beta of 1.08. BankUnited, Inc. has a 1-year low of $30.37 and a 1-year high of $41.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96.
BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same quarter last year, the firm earned $0.47 EPS. sell-side analysts expect that BankUnited, Inc. will post 2.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, October 13th. BankUnited’s payout ratio is 35.29%.
A number of equities analysts recently commented on the stock. BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 price target on shares of BankUnited in a report on Thursday, September 28th. Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co lowered shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.27.
Several institutional investors and hedge funds have recently made changes to their positions in BKU. JPMorgan Chase & Co. boosted its stake in shares of BankUnited by 30.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock valued at $167,747,000 after purchasing an additional 1,106,515 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of BankUnited by 3,522.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock valued at $32,738,000 after purchasing an additional 944,359 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of BankUnited by 11.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock valued at $258,425,000 after purchasing an additional 792,163 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of BankUnited during the 3rd quarter valued at about $24,703,000. Finally, SG Americas Securities LLC boosted its stake in shares of BankUnited by 5,718.4% during the 2nd quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock valued at $23,168,000 after purchasing an additional 675,453 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
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BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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