Rajinder P. Singh Sells 122,451 Shares of BankUnited (BKU) Stock

BankUnited (NYSE:BKU) insider Rajinder P. Singh sold 122,451 shares of the stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $41.89, for a total value of $5,129,472.39. Following the transaction, the insider now owns 327,672 shares in the company, valued at approximately $13,726,180.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of BankUnited opened at $41.69 on Friday, MarketBeat.com reports. The firm has a market capitalization of $4.46 billion, a PE ratio of 14.74, a P/E/G ratio of 1.44 and a beta of 1.04. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.95 and a current ratio of 0.95. BankUnited has a 1 year low of $30.37 and a 1 year high of $43.84.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. The business had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.96 million. BankUnited had a net margin of 45.31% and a return on equity of 11.16%. During the same quarter last year, the company posted $0.57 earnings per share. sell-side analysts anticipate that BankUnited will post 3.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Thursday, April 12th were paid a $0.21 dividend. The ex-dividend date was Wednesday, April 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.01%. BankUnited’s payout ratio is 31.70%.

BankUnited announced that its Board of Directors has initiated a stock repurchase program on Tuesday, January 23rd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Several equities analysts have commented on BKU shares. Sandler O’Neill upgraded BankUnited from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Barclays increased their price target on BankUnited from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. UBS started coverage on BankUnited in a report on Wednesday, March 21st. They set a “neutral” rating and a $45.00 price target on the stock. Zacks Investment Research downgraded BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Hovde Group downgraded BankUnited from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $45.00 to $44.00 in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.92.

Several institutional investors have recently made changes to their positions in BKU. Amica Retiree Medical Trust acquired a new stake in shares of BankUnited in the fourth quarter worth $138,000. Timber Hill LLC bought a new position in BankUnited in the first quarter worth $203,000. First Mercantile Trust Co. bought a new position in BankUnited in the fourth quarter worth $219,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BankUnited by 49.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,511 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 1,818 shares during the period. Finally, Bristol John W & Co. Inc. NY bought a new position in BankUnited in the first quarter worth $235,000. Institutional investors and hedge funds own 98.13% of the company’s stock.

About BankUnited

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.

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

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