Sanjiv Sobti Purchases 1,000 Shares of BankUnited, Inc. (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU - Get Free Report) Director Sanjiv Sobti acquired 1,000 shares of BankUnited stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the purchase, the director now owns 21,782 shares of the company's stock, valued at $715,103.06. This represents a 4.81 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sanjiv Sobti also recently made the following trade(s):

• On Tuesday, March 11th, Sanjiv Sobti purchased 2,000 shares of BankUnited stock. The stock was acquired at an average price of $32.07 per share, for a total transaction of $64,140.00.

BankUnited Trading Down 0.2 %

Shares of NYSE BKU traded down $0.05 during mid-day trading on Friday, hitting $34.59. 448,671 shares of the company traded hands, compared to its average volume of 705,366. The business has a 50 day moving average of $38.10 and a two-hundred day moving average of $38.07. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 11.22 and a beta of 1.40. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

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

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BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 3.35%. BankUnited's dividend payout ratio (DPR) is presently 37.66%.

Hedge Funds Weigh In On BankUnited

Several institutional investors and hedge funds have recently bought and sold shares of BKU. Blue Trust Inc. grew its stake in BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after buying an additional 410 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in BankUnited during the fourth quarter valued at approximately $73,000. Smartleaf Asset Management LLC raised its position in BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 1,407 shares in the last quarter. Finally, R Squared Ltd bought a new stake in BankUnited in the fourth quarter worth approximately $113,000. Hedge funds and other institutional investors own 99.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BKU shares. StockNews.com lowered BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday. Wells Fargo & Company boosted their price objective on BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Compass Point boosted their price objective on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada upped 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. Finally, Barclays lowered their target price on BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $43.18.

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.