Thomas M. Cornish Sells 10,778 Shares of BankUnited, Inc. (NYSE:BKU) Stock

BankUnited, Inc. (NYSE:BKU) COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

BankUnited Stock Performance

Shares of BKU opened at $40.29 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $3.01 billion, a PE ratio of 16.51 and a beta of 1.33. BankUnited, Inc. has a 1 year low of $23.83 and a 1 year high of $41.65. The stock’s fifty day moving average price is $36.33 and its two-hundred day moving average price is $33.46.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period in the previous year, the business posted $0.63 EPS. On average, equities research analysts forecast that BankUnited, Inc. will post 2.85 EPS for the current year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

Institutional Investors Weigh In On BankUnited

A number of hedge funds and other institutional investors have recently bought and sold shares of BKU. WINTON GROUP Ltd boosted its holdings in shares of BankUnited by 0.9% in the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock worth $1,012,000 after acquiring an additional 303 shares during the period. Arizona State Retirement System lifted its holdings in BankUnited by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 379 shares in the last quarter. Natixis Advisors LLC boosted its stake in BankUnited by 1.0% in the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 497 shares during the period. GAMMA Investing LLC grew its holdings in BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after buying an additional 686 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of BankUnited by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 800 shares during the period. Institutional investors own 99.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BKU shares. Wells Fargo & Company upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $48.00 in a research note on Wednesday. Citigroup reduced their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their target price on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Barclays upped their target price on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Finally, Wedbush lifted their price target on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.40.

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.