Sanjiv Sobti Sells 5,000 Shares of BankUnited (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti sold 5,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $50.88, for a total transaction of $254,400.00. Following the completion of the transaction, the director owned 18,816 shares in the company, valued at approximately $957,358.08. This trade represents a 20.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

BankUnited Trading Down 1.1%

Shares of BankUnited stock opened at $49.30 on Thursday. The stock has a market cap of $3.70 billion, a PE ratio of 13.93 and a beta of 1.31. The firm has a fifty day moving average price of $46.57 and a 200 day moving average price of $41.56. BankUnited, Inc. has a 1 year low of $28.21 and a 1 year high of $52.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.83.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $288.20 million for the quarter, compared to the consensus estimate of $279.76 million. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.During the same period last year, the firm earned $0.91 EPS. Equities research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. BankUnited’s dividend payout ratio (DPR) is presently 35.03%.

Hedge Funds Weigh In On BankUnited

A number of institutional investors have recently added to or reduced their stakes in BKU. Summit Global Investments purchased a new stake in BankUnited during the third quarter worth about $698,000. Capital Fund Management S.A. acquired a new stake in BankUnited during the 2nd quarter worth approximately $1,356,000. Fisher Asset Management LLC boosted its position in BankUnited by 24.7% in the 2nd quarter. Fisher Asset Management LLC now owns 575,878 shares of the financial services provider’s stock valued at $20,495,000 after buying an additional 113,974 shares during the period. TrueMark Investments LLC acquired a new position in shares of BankUnited in the third quarter worth $6,334,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of BankUnited in the third quarter worth $6,121,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BKU shares. The Goldman Sachs Group reiterated a “sell” rating on shares of BankUnited in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of BankUnited in a report on Wednesday, January 21st. Citigroup boosted their price objective on BankUnited from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Hovde Group reiterated an “outperform” rating and set a $51.00 target price on shares of BankUnited in a research report on Monday, December 8th. Finally, Wells Fargo & Company boosted their price target on shares of BankUnited from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BankUnited presently has a consensus rating of “Hold” and a consensus target price of $52.45.

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.