Insider Selling: BankUnited, Inc. (NYSE:BKU) Insider Sells 3,234 Shares of Stock

BankUnited, Inc. (NYSE:BKU - Get Free Report) insider Kevin A. Malcolm sold 3,234 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the sale, the insider now owns 12,250 shares in the company, valued at $430,955. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

BankUnited Stock Down 4.9 %

BKU traded down $1.63 during midday trading on Monday, hitting $31.42. 1,488,207 shares of the company's stock traded hands, compared to its average volume of 772,669. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The company has a market cap of $2.35 billion, a PE ratio of 10.20 and a beta of 1.40. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The stock's fifty day simple moving average is $38.96 and its 200-day simple moving average is $38.35.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the prior year, the business posted $0.26 EPS. As a group, equities analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

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BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Friday, January 10th. BankUnited's payout ratio is currently 37.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BKU shares. Keefe, Bruyette & Woods raised their target price on BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Compass Point increased their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised their price objective on BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, November 26th. Barclays decreased their price target on BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Finally, Royal Bank of Canada lifted their target price on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $43.40.

Institutional Investors Weigh In On BankUnited

A number of institutional investors have recently modified their holdings of the business. Alpha DNA Investment Management LLC bought a new stake in shares of BankUnited during the third quarter worth about $443,000. Principal Financial Group Inc. boosted its stake in shares of BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock worth $13,836,000 after buying an additional 10,064 shares during the last quarter. SG Americas Securities LLC lifted its stake in BankUnited by 462.0% in the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock valued at $1,067,000 after purchasing an additional 22,981 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider's stock worth $2,172,000 after purchasing an additional 40,461 shares during the period. Finally, MML Investors Services LLC bought a new position in BankUnited in the 3rd quarter worth about $347,000. Institutional investors own 99.70% of the company's stock.

BankUnited Company Profile

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.