BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti Buys 1,000 Shares

BankUnited, Inc. (NYSE:BKU) Director Sanjiv Sobti bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the transaction, the director now owns 21,782 shares in the company, valued at $715,103.06. This trade represents a 4.81 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sanjiv Sobti also recently made the following trade(s):

• On Tuesday, March 11th, Sanjiv Sobti purchased 2,000 shares of BankUnited stock. The shares were purchased at an average price of $32.07 per share, for a total transaction of $64,140.00.

BankUnited Stock Performance

NYSE:BKU opened at $34.30 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The stock has a market capitalization of $2.56 billion, a PE ratio of 11.14 and a beta of 1.40. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The company has a fifty day moving average of $38.33 and a two-hundred day moving average of $38.15.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period last year, the firm posted $0.26 EPS. As a group, research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, January 10th. BankUnited’s dividend payout ratio is presently 37.66%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Compass Point lifted their target price on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective for the company in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods increased their price objective on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, BankUnited presently has a consensus rating of “Hold” and an average price target of $43.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new stake in BankUnited during the 4th quarter worth $605,000. GTS Securities LLC acquired a new position in BankUnited during the fourth quarter worth about $261,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in BankUnited by 20.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,016 shares of the financial services provider’s stock valued at $7,177,000 after acquiring an additional 31,416 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in BankUnited by 14.9% in the 4th quarter. Voloridge Investment Management LLC now owns 351,108 shares of the financial services provider’s stock valued at $13,402,000 after acquiring an additional 45,648 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in BankUnited by 39.3% in the 4th quarter. Two Sigma Advisers LP now owns 16,316 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 4,600 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

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.