BankUnited, Inc. (NYSE:BKU) Director Sells $167,670.00 in Stock

BankUnited, Inc. (NYSE:BKUGet 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:BKUGet 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

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, October 13th. BankUnited’s payout ratio is 24.15%.

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.

About BankUnited

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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.

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