Insider Buying: BankUnited, Inc. (NYSE:BKU) Director Buys 1,000 Shares of Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti purchased 1,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the purchase, the director now directly owns 21,782 shares of the company’s stock, valued at approximately $715,103.06. This trade represents a 4.81 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sanjiv Sobti also recently made the following trade(s):

• On Tuesday, March 11th, Sanjiv Sobti purchased 2,000 shares of BankUnited stock. The shares were acquired at an average price of $32.07 per share, for a total transaction of $64,140.00.

BankUnited Stock Down 0.4 %

Shares of BKU traded down $0.15 during trading on Monday, reaching $34.30. The company’s stock had a trading volume of 1,239,963 shares, compared to its average volume of 706,595. The company has a fifty day moving average of $38.43 and a two-hundred day moving average of $38.17. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 11.14 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the company posted $0.26 EPS. On average, sell-side analysts predict that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. BankUnited’s payout ratio is 37.66%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BKU shares. Compass Point upped their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised their price objective on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Barclays cut their price objective on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company raised their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, BankUnited has an average rating of “Hold” and a consensus price target of $43.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its stake in BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after buying an additional 410 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 426 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of BankUnited by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. lifted its stake in BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 547 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 555 shares in the last quarter. 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.