BankUnited (NYSE:BKU) insider Jeffrey Starr sold 2,805 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $42.89, for a total transaction of $120,306.45. Following the completion of the transaction, the insider now directly owns 48,104 shares in the company, valued at $2,063,180.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
BankUnited (NYSE:BKU) opened at $42.82 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.96 and a quick ratio of 0.96. BankUnited has a one year low of $30.37 and a one year high of $43.84. The company has a market cap of $4,566.17, a PE ratio of 7.67, a P/E/G ratio of 1.53 and a beta of 0.98.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.24. BankUnited had a net margin of 45.09% and a return on equity of 10.83%. The business had revenue of $285.37 million for the quarter, compared to the consensus estimate of $270.33 million. During the same period in the prior year, the company posted $0.59 earnings per share. research analysts anticipate that BankUnited will post 3.18 EPS for the current fiscal year.
BKU has been the topic of several research analyst reports. JMP Securities initiated coverage on shares of BankUnited in a research report on Tuesday, January 9th. They issued an “outperform” rating on the stock. Barclays increased their price objective on shares of BankUnited from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $50.00 price objective (up from $42.00) on shares of BankUnited in a research report on Tuesday, January 9th. Morgan Stanley reissued an “overweight” rating and issued a $46.00 price objective on shares of BankUnited in a research report on Wednesday, December 13th. Finally, BMO Capital Markets upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.09.
Several hedge funds have recently added to or reduced their stakes in BKU. Citadel Advisors LLC grew its stake in BankUnited by 1,334.0% during the fourth quarter. Citadel Advisors LLC now owns 2,228,050 shares of the financial services provider’s stock worth $90,727,000 after buying an additional 2,072,682 shares in the last quarter. Brown Advisory Inc. grew its stake in BankUnited by 282.3% during the fourth quarter. Brown Advisory Inc. now owns 2,655,021 shares of the financial services provider’s stock worth $108,112,000 after buying an additional 1,960,555 shares in the last quarter. Alliancebernstein L.P. grew its stake in BankUnited by 2,161.1% during the fourth quarter. Alliancebernstein L.P. now owns 1,377,964 shares of the financial services provider’s stock worth $56,111,000 after buying an additional 1,317,021 shares in the last quarter. JPMorgan Chase & Co. grew its stake in BankUnited by 30.8% during the third quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock worth $167,747,000 after buying an additional 1,106,515 shares in the last quarter. Finally, NWQ Investment Management Company LLC acquired a new stake in BankUnited during the third quarter worth about $18,498,000. Institutional investors and hedge funds own 96.99% of the company’s stock.
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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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