BankUnited, Inc. (NYSE:BKU) Director Sells $34,430.00 in Stock

BankUnited, Inc. (NYSE:BKU - Get Free Report) Director John N. Digiacomo sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $34.43, for a total transaction of $34,430.00. Following the sale, the director now owns 14,516 shares of the company's stock, valued at $499,785.88. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BankUnited Price Performance

Shares of NYSE:BKU traded down $0.37 during midday trading on Friday, hitting $34.01. The stock had a trading volume of 1,066,177 shares, compared to its average volume of 801,091. The company's 50-day moving average price is $33.18 and its 200-day moving average price is $36.93. BankUnited, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.56 billion, a P/E ratio of 11.04 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $255.41 million during the quarter, compared to analysts' expectations of $264.35 million. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were given a dividend of $0.31 per share. This is an increase from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, April 11th. BankUnited's dividend payout ratio is currently 38.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Hovde Group lowered their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company lowered their price objective on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group dropped their target price on BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a report on Wednesday, April 30th. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target on the stock in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada lowered their price target on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BKU. JPMorgan Chase & Co. boosted its stake in shares of BankUnited by 12.9% in 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 in the last quarter. Bank of Montreal Can lifted its stake in BankUnited by 4.1% in the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 593 shares during the last quarter. Principal Financial Group Inc. lifted its stake in BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock valued at $13,836,000 after purchasing an additional 10,064 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in BankUnited in the fourth quarter valued at approximately $766,000. Finally, Vanguard Group Inc. grew its stake in shares of BankUnited by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock worth $366,392,000 after buying an additional 181,493 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

About BankUnited

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.