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

BankUnited, Inc. (NYSE:BKU) COO Thomas M. Cornish sold 10,778 shares of the 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 completion of the sale, the chief operating officer now owns 100,000 shares in the company, 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 can be accessed through this hyperlink.

BankUnited Stock Up 1.3 %

Shares of NYSE:BKU opened at $40.29 on Thursday. The stock has a market capitalization of $3.01 billion, a P/E ratio of 16.51 and a beta of 1.33. The stock’s 50-day moving average price is $36.33 and its 200-day moving average price is $33.46. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a 12-month low of $23.83 and a 12-month high of $41.65.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping 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 firm earned $0.63 EPS. On average, equities analysts anticipate that BankUnited, Inc. will post 2.85 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.88%. BankUnited’s payout ratio is currently 47.54%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BKU shares. Wells Fargo & Company upgraded 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. Barclays raised their target price on shares of BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. boosted their price target on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Finally, Wedbush upped their target price on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and a consensus price target of $37.40.

Institutional Investors Weigh In On BankUnited

A number of large investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp boosted its holdings in shares of BankUnited by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 65,090 shares of the financial services provider’s stock worth $1,823,000 after purchasing an additional 896 shares during the period. SG Americas Securities LLC raised its position in BankUnited by 887.1% during the 1st quarter. SG Americas Securities LLC now owns 66,403 shares of the financial services provider’s stock valued at $1,859,000 after purchasing an additional 59,676 shares during the last quarter. Inspire Investing LLC lifted its holdings in BankUnited by 6.8% in the 1st quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock worth $354,000 after buying an additional 807 shares during the period. Headlands Technologies LLC bought a new stake in shares of BankUnited in the 1st quarter worth approximately $57,000. Finally, Russell Investments Group Ltd. increased its stake in shares of BankUnited by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider’s stock valued at $3,160,000 after buying an additional 906 shares during the period. Institutional investors own 99.70% of the company’s stock.

BankUnited Company Profile

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.