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.
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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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.
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