Kevin Malcolm Sells 3,447 Shares of BankUnited (NYSE:BKU) Stock

Key Points

• Kevin Malcolm sold 3,447 shares of BankUnited on March 4 at an average price of $47.11 for about $162,388, reducing his stake to 11,500 shares (a 23.06% decrease), according to an SEC Form 4 filing.
• Recent results and stock snapshot: BankUnited reported $0.94 EPS for the quarter (beating the $0.85 estimate) but missed revenue expectations ($260.8M vs. $279.8M); the stock traded at $46.51 with a 12‑month range of $28.21–$52.11, market cap ~ $3.42B, and a 2.7% dividend yield.
• Analyst and institutional view: The stock carries a "Moderate Buy" consensus with an average price target of $53.55, and institutional investors hold roughly 99.7% of the shares.

BankUnited, Inc. (NYSE:BKU - Get Free Report) insider Kevin Malcolm sold 3,447 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total value of $162,388.17. Following the sale, the insider directly owned 11,500 shares in the company, valued at approximately $541,765. This represents a 23.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

BankUnited Price Performance

Shares of NYSE:BKU traded down $0.77 during trading on Thursday, reaching $46.51. The company had a trading volume of 667,458 shares, compared to its average volume of 923,512. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $52.11. The firm has a market capitalization of $3.42 billion, a PE ratio of 13.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.82 and a current ratio of 0.82. The firm's fifty day moving average is $47.47 and its 200 day moving average is $42.79.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $260.80 million for the quarter, compared to analysts' expectations of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same period in the previous year, the company posted $0.91 EPS. On average, equities analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were given a dividend of $0.31 per share. The ex-dividend date was Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. BankUnited's payout ratio is presently 35.03%.

Institutional Trading of BankUnited

A number of institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in BankUnited during the first quarter worth $28,000. Eurizon Capital SGR S.p.A. purchased a new position in BankUnited during the fourth quarter worth about $30,000. Salomon & Ludwin LLC purchased a new stake in BankUnited in the third quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new stake in shares of BankUnited during the 4th quarter worth $35,000. Finally, Quarry LP raised its holdings in shares of BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider's stock worth $36,000 after purchasing an additional 576 shares during the period. Hedge funds and other institutional investors own 99.70% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on BKU shares. Hovde Group reissued an "outperform" rating and set a $51.00 price target on shares of BankUnited in a research report on Monday, December 8th. Raymond James Financial set a $55.00 price objective on BankUnited in a report on Wednesday, January 21st. Susquehanna upgraded shares of BankUnited to a "positive" rating in a research report on Wednesday, January 21st. Piper Sandler increased their price target on shares of BankUnited from $42.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on BankUnited from $42.00 to $55.00 and gave the stock a "market perform" rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $53.55.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank's lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.

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