BankUnited, Inc. (NYSE:BKU) Chairman John Adam Kanas sold 78,190 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the transaction, the chairman now owns 565,076 shares in the company, valued at approximately $18,749,221.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

John Adam Kanas also recently made the following trade(s):

  • On Monday, July 24th, John Adam Kanas sold 100,400 shares of BankUnited stock. The shares were sold at an average price of $33.05, for a total transaction of $3,318,220.00.
  • On Tuesday, July 25th, John Adam Kanas sold 200,000 shares of BankUnited stock. The shares were sold at an average price of $33.35, for a total transaction of $6,670,000.00.
  • On Monday, June 26th, John Adam Kanas sold 200,000 shares of BankUnited stock. The shares were sold at an average price of $32.65, for a total transaction of $6,530,000.00.

BankUnited, Inc. (BKU) traded up 0.75% during trading on Friday, reaching $33.61. 347,014 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $33.70 and its 200 day moving average price is $35.46. The firm has a market cap of $3.59 billion, a P/E ratio of 15.04 and a beta of 1.07. BankUnited, Inc. has a 52-week low of $28.13 and a 52-week high of $41.00.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. The firm had revenue of $269.48 million for the quarter, compared to analysts’ expectations of $258.47 million. During the same period in the prior year, the business posted $0.52 earnings per share. Equities research analysts anticipate that BankUnited, Inc. will post $2.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, July 12th. BankUnited’s dividend payout ratio is presently 37.67%.

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Several analysts have recently weighed in on BKU shares. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 target price (down from $43.00) on shares of BankUnited in a research report on Saturday, April 29th. Morgan Stanley reiterated an “overweight” rating and set a $39.00 target price (down from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Bank of America Corp reiterated a “buy” rating and set a $46.00 target price on shares of BankUnited in a research report on Monday, July 10th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $40.00 target price on shares of BankUnited in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.17.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its position in BankUnited by 4.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock valued at $110,000 after buying an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BankUnited by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after buying an additional 276 shares during the period. Karp Capital Management Corp bought a new position in BankUnited during the first quarter valued at $222,000. QS Investors LLC boosted its position in BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares during the period. Finally, LaSalle Street Capital Management LLC bought a new position in BankUnited during the second quarter valued at $221,000. Institutional investors own 99.90% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Insider Buying and Selling by Quarter for BankUnited (NYSE:BKU)

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