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

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti purchased 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the transaction, the director now owns 21,782 shares in the company, valued at approximately $715,103.06. The trade was a 4.81 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 purchased at an average price of $32.07 per share, with a total value of $64,140.00.

BankUnited Stock Down 0.4 %

Shares of NYSE:BKU opened at $34.30 on Tuesday. The firm has a market capitalization of $2.56 billion, a PE ratio of 11.14 and a beta of 1.40. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The firm’s 50-day moving average is $38.33 and its two-hundred day moving average is $38.15.

BankUnited (NYSE:BKU) last announced 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 net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the prior year, the company posted $0.26 EPS. Analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.38%. BankUnited’s dividend payout ratio (DPR) is presently 37.66%.

Analyst Ratings Changes

Several research firms have recently weighed in on BKU. Royal Bank of Canada increased their price target on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. StockNews.com lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price on the stock in a research report on Tuesday, March 11th. Barclays lowered their price target on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Finally, Keefe, Bruyette & Woods raised 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. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.18.

Institutional Investors Weigh In On BankUnited

Several large investors have recently bought and sold shares of BKU. Balyasny Asset Management L.P. acquired a new position in shares of BankUnited during the fourth quarter worth about $34,525,000. Freestone Grove Partners LP purchased a new position in BankUnited in the fourth quarter worth approximately $30,499,000. Cramer Rosenthal Mcglynn LLC acquired a new position in BankUnited during the 4th quarter worth approximately $18,663,000. Basswood Capital Management L.L.C. purchased a new stake in shares of BankUnited in the 3rd quarter valued at approximately $17,745,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of BankUnited by 12.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider’s stock valued at $107,696,000 after purchasing an additional 322,368 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

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.