BankUnited (NYSE:BKU) Insider Jay Richards Sells 4,000 Shares of Stock

BankUnited, Inc. (NYSE:BKU) insider Jay Richards sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the transaction, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This trade represents a 8.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BankUnited Stock Performance

Shares of BKU stock opened at $47.96 on Wednesday. BankUnited, Inc. has a one year low of $33.33 and a one year high of $52.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50 day moving average price of $46.79 and a 200 day moving average price of $46.41. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.36 and a beta of 1.17.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The company had revenue of $273.69 million for the quarter, compared to analyst estimates of $284.57 million. During the same period last year, the company posted $0.78 EPS. Sell-side analysts anticipate that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BKU. Royal Bank of Canada lifted its position in shares of BankUnited by 15.3% in the 1st quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock worth $623,000 after buying an additional 2,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BankUnited by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 1,934 shares during the last quarter. Jane Street Group LLC bought a new position in shares of BankUnited in the 1st quarter worth about $9,100,000. Strs Ohio bought a new position in shares of BankUnited in the 1st quarter worth about $28,000. Finally, Invesco Ltd. lifted its position in shares of BankUnited by 1.2% in the 2nd quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock worth $20,318,000 after buying an additional 6,815 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BKU. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Hovde Group dropped their price objective on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Citigroup dropped their price objective on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.27.

About BankUnited

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.