BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti Buys 2,000 Shares

BankUnited, Inc. (NYSE:BKU - Get Free Report) Director Sanjiv Sobti acquired 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the completion of the acquisition, the director now directly owns 20,782 shares of the company's stock, valued at $666,478.74. The trade was a 10.65 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BankUnited Stock Performance

Shares of BKU traded down $0.15 during midday trading on Monday, reaching $34.30. 1,158,784 shares of the stock were exchanged, compared to its average volume of 706,271. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The stock's 50 day simple moving average is $38.43 and its 200 day simple moving average is $38.17. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The company has a market cap of $2.56 billion, a P/E ratio of 11.14 and a beta of 1.40.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) 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 company posted $0.26 earnings per share. On average, sell-side analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

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BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Friday, January 10th. BankUnited's dividend payout ratio is currently 37.66%.

Hedge Funds Weigh In On BankUnited

Hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. grew its holdings in shares of BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares in the last quarter. GAMMA Investing LLC lifted its position in BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock worth $193,000 after purchasing an additional 426 shares during the period. Summit Investment Advisors Inc. grew its stake in BankUnited by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock worth $298,000 after buying an additional 495 shares in the last quarter. Blue Trust Inc. increased its holdings in BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after buying an additional 547 shares during the period. Finally, Atria Investments Inc raised its position in shares of BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock valued at $314,000 after buying an additional 555 shares in the last quarter. Institutional investors own 99.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group increased their price target on BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada raised their price objective on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.