Key Points
- Insider sale: Kevin Malcolm sold 3,447 shares of BankUnited on March 4 at an average price of $47.11 for $162,388, leaving him with 11,500 shares (a 23.06% reduction), as disclosed in an SEC filing.
- Recent results: BankUnited reported quarterly EPS of $0.94 (beating the $0.85 estimate) but revenue of $260.8M missed expectations of $279.76M; the stock traded at $44.67 mid-day, with a market cap of $3.29B and a P/E of 12.62.
- Dividend and analyst view: the firm pays a $0.31 quarterly dividend (annualized $1.24, ~2.8% yield, DPR 35.03%), and analysts hold a consensus rating of "Moderate Buy" with a target price of $53.55.
BankUnited, Inc. (NYSE:BKU - Get Free Report) insider Kevin Malcolm sold 3,447 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the sale, the insider owned 11,500 shares of the company's stock, valued at $541,765. This trade represents a 23.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
BankUnited Price Performance
BankUnited stock traded down $1.84 during mid-day trading on Friday, reaching $44.67. The company had a trading volume of 263,585 shares, compared to its average volume of 907,850. The stock's 50-day simple moving average is $47.49 and its 200-day simple moving average is $42.82. BankUnited, Inc. has a 1 year low of $28.21 and a 1 year high of $52.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $3.29 billion, a P/E ratio of 12.62 and a beta of 1.29.
BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.The business had revenue of $260.80 million for the quarter, compared to analysts' expectations of $279.76 million. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, equities analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.
BankUnited Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were given a $0.31 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. BankUnited's dividend payout ratio (DPR) is currently 35.03%.
Analyst Ratings Changes
A number of equities research analysts recently commented on BKU shares. Weiss Ratings reissued a "buy (b-)" rating on shares of BankUnited in a research note on Wednesday, January 21st. Barclays increased their price target on shares of BankUnited from $47.00 to $55.00 and gave the company an "equal weight" rating in a research report on Thursday, January 22nd. Jefferies Financial Group dropped their price objective on shares of BankUnited from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. Zacks Research raised BankUnited from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 12th. Finally, Citigroup raised their price target on BankUnited from $49.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.55.
Check Out Our Latest Stock Report on BankUnited
Hedge Funds Weigh In On BankUnited
Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new stake in BankUnited in the fourth quarter valued at approximately $63,000. DGS Capital Management LLC acquired a new position in shares of BankUnited in the 4th quarter valued at $225,000. Virtu Financial LLC purchased a new stake in shares of BankUnited during the 4th quarter valued at $383,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of BankUnited during the 4th quarter valued at $240,000. Finally, Empowered Funds LLC increased its holdings in shares of BankUnited by 8.0% during the 4th quarter. Empowered Funds LLC now owns 299,312 shares of the financial services provider's stock worth $13,340,000 after buying an additional 22,260 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.
About BankUnited
(
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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