Mark Bagnoli Sells 1,000 Shares of BankUnited, Inc. (BKU) Stock
BankUnited, Inc. (NYSE:BKU) insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the sale, the insider now directly owns 19,699 shares of the company’s stock, valued at $706,800.12. The transaction was disclosed in a document filed with the SEC, which is available through this link.
BankUnited, Inc. (NYSE:BKU) traded up $0.34 on Wednesday, reaching $35.96. The company’s stock had a trading volume of 1,400,300 shares, compared to its average volume of 846,780. The firm has a market cap of $3,804.95, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.68 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96. BankUnited, Inc. has a 12-month low of $30.37 and a 12-month high of $41.00.
BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same quarter last year, the firm posted $0.47 EPS. equities research analysts expect that BankUnited, Inc. will post 2.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, October 13th. BankUnited’s dividend payout ratio (DPR) is currently 35.29%.
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A number of brokerages have recently commented on BKU. ValuEngine raised BankUnited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price objective on shares of BankUnited in a report on Thursday, September 28th. Deutsche Bank AG lowered their price objective on BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. BMO Capital Markets raised BankUnited from a “market perform” rating to an “outperform” rating in a report on Monday. Finally, Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.27.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKU. Principal Financial Group Inc. grew its holdings in BankUnited by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $610,000 after buying an additional 258 shares during the last quarter. Aperio Group LLC grew its holdings in BankUnited by 231.3% in the 2nd quarter. Aperio Group LLC now owns 19,677 shares of the financial services provider’s stock valued at $663,000 after buying an additional 13,737 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in BankUnited in the 2nd quarter valued at approximately $653,000. Russell Investments Group Ltd. grew its holdings in BankUnited by 274.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 266,018 shares of the financial services provider’s stock valued at $8,968,000 after buying an additional 195,012 shares during the last quarter. Finally, Parametrica Management Ltd grew its holdings in BankUnited by 39.7% in the 2nd quarter. Parametrica Management Ltd now owns 11,522 shares of the financial services provider’s stock valued at $388,000 after buying an additional 3,273 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
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