BankUnited, Inc. (NYSE:BKU) Director Buys $32,830.00 in Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti acquired 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the transaction, the director now directly owns 21,782 shares of the company’s stock, valued at $715,103.06. The trade was a 4.81 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 acquired at an average price of $32.07 per share, with a total value of $64,140.00.

BankUnited Trading Up 1.1 %

BKU stock opened at $34.83 on Thursday. The company has a market capitalization of $2.60 billion, a PE ratio of 11.31 and a beta of 1.40. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The firm’s 50-day moving average is $38.18 and its 200 day moving average is $38.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS 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 period in the prior year, the firm posted $0.26 EPS. On average, research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s dividend payout ratio (DPR) is 37.66%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BKU shares. Keefe, Bruyette & Woods increased their price objective on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price for the company in a report on Tuesday, March 11th. Compass Point raised their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.18.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in BankUnited by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider’s stock valued at $366,392,000 after purchasing an additional 181,493 shares during the period. JPMorgan Chase & Co. increased its position in BankUnited by 12.9% during 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 during the period. Geode Capital Management LLC increased its position in BankUnited by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after purchasing an additional 20,218 shares during the period. Royce & Associates LP increased its position in BankUnited by 3.3% during the 4th quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider’s stock valued at $43,889,000 after purchasing an additional 36,328 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in BankUnited during the 4th quarter valued at about $34,525,000. 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.