BankUnited, Inc. (NYSE:BKU – Get Rating) Director A. Gail Prudenti sold 4,500 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $37.26, for a total value of $167,670.00. Following the completion of the transaction, the director now owns 9,729 shares of the company’s stock, valued at approximately $362,502.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
BankUnited Stock Up 1.5 %
BKU opened at $38.46 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.13. The firm has a market cap of $2.97 billion, a P/E ratio of 9.29 and a beta of 1.21. BankUnited, Inc. has a 52 week low of $33.54 and a 52 week high of $46.75. The business’s fifty day simple moving average is $35.96 and its 200 day simple moving average is $37.41.
BankUnited (NYSE:BKU – Get Rating) last issued its quarterly earnings results on Thursday, October 20th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. BankUnited had a return on equity of 12.71% and a net margin of 29.75%. During the same period last year, the business posted $0.94 EPS. As a group, equities research analysts anticipate that BankUnited, Inc. will post 3.75 EPS for the current fiscal year.
BankUnited Announces Dividend
Wall Street Analysts Forecast Growth
BKU has been the topic of several research reports. StockNews.com initiated coverage on BankUnited in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Wedbush upped their target price on BankUnited to $40.00 in a report on Friday, July 22nd. Compass Point lowered their target price on BankUnited to $40.00 in a report on Thursday, October 20th. Piper Sandler upped their target price on BankUnited to $40.00 in a report on Friday, July 22nd. Finally, Wells Fargo & Company upped their target price on BankUnited to $45.00 in a report on Friday, July 22nd. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, BankUnited currently has an average rating of “Hold” and an average price target of $44.38.
Institutional Trading of BankUnited
A number of hedge funds have recently added to or reduced their stakes in BKU. WINTON GROUP Ltd raised its holdings in shares of BankUnited by 56.5% in the 1st quarter. WINTON GROUP Ltd now owns 21,450 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 7,744 shares during the period. American Century Companies Inc. raised its holdings in shares of BankUnited by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,951,372 shares of the financial services provider’s stock worth $129,742,000 after purchasing an additional 297,652 shares during the period. KBC Group NV purchased a new position in shares of BankUnited in the 2nd quarter worth about $260,000. Royce & Associates LP raised its holdings in shares of BankUnited by 13.7% in the 1st quarter. Royce & Associates LP now owns 663,947 shares of the financial services provider’s stock worth $29,187,000 after purchasing an additional 80,025 shares during the period. Finally, Profund Advisors LLC raised its holdings in shares of BankUnited by 19.4% in the 1st quarter. Profund Advisors LLC now owns 11,877 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 1,928 shares during the period. 93.77% of the stock is owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on BankUnited (BKU)
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