Insider Selling: BankUnited, Inc. (NYSE:BKU) Insider Sells 7,445 Shares of Stock

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.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, July 12th. BankUnited’s dividend payout ratio (DPR) is 37.67%.

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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.

Insider Buying and Selling by Quarter for BankUnited (NYSE:BKU)

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