BankUnited, Inc. (NYSE:BKU) insider Jeffrey Starr sold 7,445 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $35.08, for a total transaction of $261,170.60. Following the transaction, the insider now owns 29,000 shares of the company’s stock, valued at $1,017,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of BankUnited, Inc. (NYSE:BKU) traded down 0.48% on Friday, hitting $32.85. 401,859 shares of the company’s stock were exchanged. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 14.70 and a beta of 1.07. The company’s 50-day moving average price is $33.81 and its 200 day moving average price is $35.59. BankUnited, Inc. has a 12-month low of $28.13 and a 12-month high of $41.00.
BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. The firm had revenue of $269.48 million during the quarter, compared to analysts’ expectations of $258.47 million. During the same quarter last year, the business earned $0.52 earnings per share. On average, equities analysts predict that BankUnited, Inc. will post $2.39 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its stake in shares of BankUnited by 82.2% in the first quarter. Canada Pension Plan Investment Board now owns 18,400 shares of the financial services provider’s stock valued at $687,000 after buying an additional 8,300 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of BankUnited by 32.1% in the first quarter. Russell Investments Group Ltd. now owns 71,006 shares of the financial services provider’s stock valued at $2,649,000 after buying an additional 17,263 shares during the period. Strs Ohio boosted its stake in shares of BankUnited by 119.7% in the first quarter. Strs Ohio now owns 1,140,000 shares of the financial services provider’s stock valued at $42,533,000 after buying an additional 621,000 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of BankUnited by 383.7% in the first quarter. Sit Investment Associates Inc. now owns 17,775 shares of the financial services provider’s stock valued at $663,000 after buying an additional 14,100 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of BankUnited by 6.6% in the first quarter. ProShare Advisors LLC now owns 18,570 shares of the financial services provider’s stock valued at $693,000 after buying an additional 1,146 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.
A number of research firms recently issued reports on BKU. BidaskClub downgraded shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Barclays PLC restated an “overweight” rating and set a $41.00 target price (up from $38.00) on shares of BankUnited in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $42.00 to $41.00 in a research report on Wednesday, April 26th. BMO Capital Markets restated a “hold” rating and set a $40.00 target price on shares of BankUnited in a research report on Friday, July 7th. Finally, Deutsche Bank AG restated a “buy” rating and set a $42.00 target price (down from $43.00) on shares of BankUnited in a research report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $41.17.
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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