BankUnited (NYSE:BKU) Director Eugene F. Demark sold 2,682 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $42.92, for a total transaction of $115,111.44. Following the transaction, the director now directly owns 16,000 shares in the company, valued at $686,720. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
BankUnited (NYSE:BKU) traded down $0.92 during trading on Wednesday, hitting $41.90. 692,643 shares of the company traded hands, compared to its average volume of 918,995. BankUnited has a 1-year low of $30.37 and a 1-year high of $43.84. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4,566.17, a price-to-earnings ratio of 7.51, a PEG ratio of 1.53 and a beta of 0.98.
BankUnited (NYSE:BKU) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.86 EPS for the quarter, topping the 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 analyst estimates of $270.33 million. During the same period in the previous year, the firm earned $0.59 EPS. research analysts forecast that BankUnited will post 3.18 earnings per share for the current fiscal year.
BankUnited announced that its board has approved a stock repurchase program on Tuesday, January 23rd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
A number of research firms have recently weighed in on BKU. JMP Securities began coverage on shares of BankUnited in a research note on Tuesday, January 9th. They set an “outperform” rating on the stock. Barclays upped their price target on shares of BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of BankUnited from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, January 12th. BMO Capital Markets raised shares of BankUnited from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Finally, ValuEngine raised shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.09.
Several institutional investors have recently added to or reduced their stakes in BKU. Citadel Advisors LLC boosted its position in shares of BankUnited by 1,334.0% in the 4th 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. lifted its holdings in BankUnited by 282.3% in the 4th quarter. Brown Advisory Inc. now owns 2,655,021 shares of the financial services provider’s stock valued at $108,112,000 after purchasing an additional 1,960,555 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in BankUnited by 2,161.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,377,964 shares of the financial services provider’s stock valued at $56,111,000 after purchasing an additional 1,317,021 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in BankUnited by 30.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock valued at $167,747,000 after purchasing an additional 1,106,515 shares in the last quarter. Finally, NWQ Investment Management Company LLC purchased a new position in BankUnited in the 3rd quarter valued at 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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