BankUnited (BKU) Director Eugene F. Demark Sells 2,682 Shares

BankUnited (NYSE:BKU) Director Eugene F. Demark sold 2,682 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $42.92, for a total value of $115,111.44. Following the transaction, the director now directly owns 16,000 shares in the company, valued at approximately $686,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BKU stock opened at $38.97 on Friday. BankUnited has a twelve month low of $30.37 and a twelve month high of $43.84. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $4,234.33, a PE ratio of 14.71, a P/E/G ratio of 1.42 and a beta of 1.04.

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BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.24. The business had revenue of $285.37 million for the quarter, compared to analyst estimates of $270.33 million. BankUnited had a return on equity of 10.83% and a net margin of 45.09%. During the same period last year, the company posted $0.59 earnings per share. equities research analysts anticipate that BankUnited will post 3.18 EPS for the current fiscal year.

BankUnited announced that its board has initiated a share buyback program on Tuesday, January 23rd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, April 12th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.16%. BankUnited’s dividend payout ratio (DPR) is currently 31.70%.

BKU has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Hovde Group downgraded BankUnited from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $45.00 to $44.00 in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $41.00 target price on shares of BankUnited in a report on Wednesday, January 24th. Finally, UBS started coverage on BankUnited in a report on Wednesday, March 21st. They issued a “neutral” rating and a $45.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.92.

A number of large investors have recently added to or reduced their stakes in BKU. Aperio Group LLC increased its position in BankUnited by 72.0% in the third quarter. Aperio Group LLC now owns 33,848 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 14,171 shares during the last quarter. Canada Pension Plan Investment Board increased its position in BankUnited by 23.4% in the third quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the financial services provider’s stock worth $1,256,000 after buying an additional 6,700 shares during the last quarter. Prudential Financial Inc. increased its position in BankUnited by 89.9% in the third quarter. Prudential Financial Inc. now owns 176,960 shares of the financial services provider’s stock worth $6,294,000 after buying an additional 83,785 shares during the last quarter. FDx Advisors Inc. increased its position in BankUnited by 16.2% in the third quarter. FDx Advisors Inc. now owns 24,080 shares of the financial services provider’s stock worth $857,000 after buying an additional 3,352 shares during the last quarter. Finally, Cambiar Investors LLC increased its position in BankUnited by 2.0% in the third quarter. Cambiar Investors LLC now owns 109,220 shares of the financial services provider’s stock worth $3,885,000 after buying an additional 2,131 shares during the last quarter. 96.99% of the stock is owned by institutional investors and hedge funds.

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About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Insider Buying and Selling by Quarter for BankUnited (NYSE:BKU)

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