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

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

BankUnited Price Performance

Shares of NYSE BKU traded up $0.64 during trading on Tuesday, reaching $34.35. The company had a trading volume of 646,668 shares, compared to its average volume of 799,603. BankUnited, Inc. has a twelve month low of $26.78 and a twelve month high of $44.45. The stock has a market capitalization of $2.58 billion, a PE ratio of 11.15 and a beta of 1.29. The stock has a 50-day moving average price of $33.15 and a two-hundred day moving average price of $36.85. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

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

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were paid a $0.31 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.61%. This is a positive change from BankUnited's previous quarterly dividend of $0.29. BankUnited's dividend payout ratio (DPR) is 38.51%.

Analyst Ratings Changes

Several research firms recently issued reports on BKU. Barclays cut their price objective on BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective on the stock in a report on Tuesday, March 11th. Jefferies Financial Group started coverage on BankUnited in a report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target on the stock. The Goldman Sachs Group cut their price target on BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada cut their price target on BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.42.

Institutional Investors Weigh In On BankUnited

Large investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of BankUnited in the first quarter valued at about $28,000. Brooklyn Investment Group boosted its holdings in BankUnited by 14,050.0% in the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 843 shares during the last quarter. Blue Trust Inc. boosted its holdings in BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in BankUnited by 42.3% in 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 purchasing an additional 410 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in BankUnited by 165.5% in the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors and hedge funds 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.