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Tuesday, June 6, 2023

This Is Too Hot For BankUnited Inc. (NYSE: BKU), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for BankUnited Inc. (BKU) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $16.94. The BankUnited Inc. has recorded 3,643 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that BankUnited Announces Election of Dr. Germaine Smith-Baugh to its Board of Directors.

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Stocks Info

As a NYSE listed company, BKU falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $16.94 and fluctuated between $18.02 as its day high and $16.93 as its day low. The current market capitalization of BankUnited Inc. is $1.27B. A total of 0.74 million shares were traded on the day, compared to an average of 1.38M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BKU has seen 6 BUY and 8 SELL insider trades, representing the acquisition of 95,648 and the disposition of 43,774 shares. Over the last 12 months, there were 14 BUYs and 11 SELLs from insiders. Insiders purchased 110,659 shares during that period but sold 57,189.

In the most recent transaction, Malcolm Kevin A. sold 1,406 shares of BKU for 35.21 per share on Mar 06. After the transaction, the Officer of Subsidiary now owns 10,000 company shares. In a previous transaction on Nov 10, Prudenti A. Gail sold 4,500 shares at 37.26 per share. BKU shares that Director owns now total 9,729.

Among the insiders who sold shares, Richards Jay D. disposed of 7,415 shares on Jun 06 at a per-share price of $41.40. This resulted in the Officer of Subsidiary holding 30,973 shares of BKU after the transaction.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. BankUnited Inc. pays an annual dividend of $1.08, resulting in a dividend yield of 6.38%, and it has a price to earnings (P/E) ratio of 4.81. BKU’s most recent ex-dividend date was 4/11/2023 when it declared a $0.27 quarterly dividend that was paid in cash on 4/28/2023. Previously, the company paid the dividend on 1/31/2023 with an ex-dividend date of 1/12/2023. The BKU stock dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BKU in the last 3 months, the mean price target is $26.68 with high estimates of $37.50 and low estimates of $22.00. In terms of 52-week highs and lows, BKU has a high of $42.17 and a low of $15.83.

As of this writing, BKU has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.67. The company reported an EPS of $0.82 in the last quarter, which was -24.10% lower than expectations of $1.08.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $33.73, while its Total Shareholder’s Equity was $3.04B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BKU is Buy with a score of 2.75.

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