Key Points
- Insider sale: BankUnited insider Jay Richards sold 4,000 shares at $48.67 each, totaling about $194,680. After the transaction, he still held 40,502 shares, and his ownership fell by 8.99%.
- Mixed operating results: BankUnited reported quarterly EPS of $0.83, missing analyst estimates of $0.97, while revenue also came in below expectations at $273.69 million. Despite the miss, analysts still expect full-year EPS of 4.16.
- Dividend and outlook: The bank increased its quarterly dividend to $0.33 per share, giving an annualized yield of 2.8%. Wall Street’s overall stance is cautious, with a consensus rating of Hold and a price target of $53.27.
BankUnited, Inc. (NYSE:BKU - Get Free Report) insider Jay Richards sold 4,000 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the completion of the transaction, the insider owned 40,502 shares in the company, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
BankUnited Trading Down 0.4%
BankUnited stock opened at $47.96 on Wednesday. The firm's 50-day moving average is $46.79 and its 200-day moving average is $46.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. BankUnited, Inc. has a 1 year low of $33.33 and a 1 year high of $52.11. The company has a market cap of $3.49 billion, a P/E ratio of 13.36 and a beta of 1.17.
BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.14). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The business had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, equities analysts expect that BankUnited, Inc. will post 4.16 earnings per share for the current year.
BankUnited Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from BankUnited's previous quarterly dividend of $0.31. BankUnited's dividend payout ratio is 36.77%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of BankUnited in the first quarter worth about $28,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of BankUnited in the fourth quarter worth about $30,000. Kestra Advisory Services LLC acquired a new position in shares of BankUnited in the fourth quarter worth about $35,000. Quarry LP boosted its holdings in shares of BankUnited by 158.2% in the third quarter. Quarry LP now owns 940 shares of the financial services provider's stock worth $36,000 after buying an additional 576 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of BankUnited by 4,293.5% in the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider's stock worth $53,000 after buying an additional 1,331 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BKU has been the topic of several research analyst reports. Hovde Group lowered their target price on shares of BankUnited from $57.00 to $53.00 and set an "outperform" rating on the stock in a research note on Thursday, April 23rd. Raymond James Financial reissued an "outperform" rating on shares of BankUnited in a research note on Wednesday, April 22nd. Cantor Fitzgerald raised their target price on shares of BankUnited from $51.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, March 3rd. Citigroup lowered their target price on shares of BankUnited from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, April 24th. Finally, Zacks Research lowered shares of BankUnited from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.27.
Get Our Latest Research Report on BKU
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.
Further Reading
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