Insider Buying: BankUnited, Inc. (NYSE:BKU) Director Buys 1,000 Shares of Stock

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti bought 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the purchase, the director now directly owns 21,782 shares in the company, valued at approximately $715,103.06. This represents a 4.81 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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

BankUnited Stock Performance

Shares of NYSE:BKU traded down $0.15 during trading on Monday, hitting $34.30. 1,239,963 shares of the stock traded hands, compared to its average volume of 706,595. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 11.14 and a beta of 1.40. The company has a fifty day moving average price of $38.43 and a two-hundred day moving average price of $38.17. 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, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $0.26 earnings per share. As a group, equities analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price on the stock in a research note on Tuesday, March 11th. Compass Point upped their target price on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. StockNews.com raised shares of BankUnited from a “hold” rating to a “buy” rating in a report on Monday, March 10th. Royal Bank of Canada increased their price objective on shares of BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company upped their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BKU. GSA Capital Partners LLP acquired a new position in shares of BankUnited during the 3rd quarter valued at about $257,000. Quest Partners LLC acquired a new position in shares of BankUnited during the 3rd quarter valued at about $825,000. LMR Partners LLP acquired a new position in shares of BankUnited during the 3rd quarter valued at about $557,000. Pathstone Holdings LLC boosted its position in shares of BankUnited by 18.2% during the 3rd quarter. Pathstone Holdings LLC now owns 58,619 shares of the financial services provider’s stock valued at $2,136,000 after acquiring an additional 9,010 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of BankUnited by 70.0% during the 3rd quarter. Intech Investment Management LLC now owns 29,879 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 12,301 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

About BankUnited

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.