Key Points
- Sanjiv Sobti, a BankUnited director, sold 5,000 shares on Feb. 9 at an average price of $50.88 for $254,400, cutting his stake by 20.99% to 18,816 shares (about $957,358).
- BankUnited beat Q4 estimates with $0.94 EPS vs. $0.85 expected and $288.2M revenue, and it pays a quarterly dividend of $0.31 ($1.24 annual, ~2.5% yield; 35% payout ratio).
- Large institutional buying occurred (e.g., Artemis added ~$73.7M; UBS grew its stake ~398%), while analyst sentiment is mixed with a consensus "Hold" and a $52.45 price target.
BankUnited, Inc. (NYSE:BKU - Get Free Report) Director Sanjiv Sobti sold 5,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $50.88, for a total value of $254,400.00. Following the completion of the sale, the director directly owned 18,816 shares in the company, valued at approximately $957,358.08. This represents a 20.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
BankUnited Price Performance
BKU opened at $49.85 on Wednesday. BankUnited, Inc. has a 1 year low of $28.21 and a 1 year high of $52.11. The stock has a 50-day moving average price of $46.48 and a 200-day moving average price of $41.51. The firm has a market cap of $3.75 billion, a PE ratio of 14.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.83.
BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $288.20 million during the quarter, compared to analyst estimates of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same period last year, the business earned $0.91 EPS. Sell-side analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.
BankUnited Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 9th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, January 9th. BankUnited's payout ratio is presently 35.03%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Artemis Investment Management LLP bought a new stake in shares of BankUnited during the 4th quarter valued at about $73,655,000. HoldCo Asset Management LP purchased a new position in shares of BankUnited in the third quarter worth approximately $35,752,000. UBS Group AG grew its position in BankUnited by 398.0% during the fourth quarter. UBS Group AG now owns 1,170,378 shares of the financial services provider's stock valued at $52,164,000 after buying an additional 935,370 shares during the period. Wellington Management Group LLP grew its position in BankUnited by 23.1% during the third quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider's stock valued at $117,183,000 after buying an additional 576,843 shares during the period. Finally, Jain Global LLC purchased a new stake in BankUnited during the third quarter valued at approximately $11,224,000. Institutional investors own 99.70% of the company's stock.
Wall Street Analyst Weigh In
BKU has been the topic of several recent analyst reports. Barclays increased their target price on BankUnited from $47.00 to $55.00 and gave the company an "equal weight" rating in a research note on Thursday, January 22nd. Raymond James Financial set a $55.00 price objective on BankUnited in a research report on Wednesday, January 21st. Hovde Group reissued an "outperform" rating and issued a $51.00 target price on shares of BankUnited in a research report on Monday, December 8th. Susquehanna upgraded shares of BankUnited to a "positive" rating in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $44.00 price target on shares of BankUnited in a research note on Thursday, October 23rd. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BankUnited presently has a consensus rating of "Hold" and a consensus price target of $52.45.
Read Our Latest Stock Analysis on BankUnited
BankUnited Company Profile
(
Get Free Report)
BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.
The bank's lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.
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