First Financial Bank Trust Division lifted its holdings in BankUnited (NYSE:BKU) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 111,045 shares of the financial services provider’s stock after purchasing an additional 1,821 shares during the period. First Financial Bank Trust Division owned about 0.10% of BankUnited worth $4,537,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BKU. Alliancebernstein L.P. lifted its position in shares of 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 worth $56,111,000 after purchasing an additional 1,317,021 shares during the period. LSV Asset Management lifted its position in shares of BankUnited by 42.3% in the 1st quarter. LSV Asset Management now owns 1,806,500 shares of the financial services provider’s stock worth $72,223,000 after purchasing an additional 536,600 shares during the period. Prudential Financial Inc. lifted its position in shares of BankUnited by 159.9% in the 1st quarter. Prudential Financial Inc. now owns 732,406 shares of the financial services provider’s stock worth $29,282,000 after purchasing an additional 450,626 shares during the period. CI Investments Inc. lifted its position in shares of BankUnited by 2,770.8% in the 1st quarter. CI Investments Inc. now owns 373,200 shares of the financial services provider’s stock worth $14,921,000 after purchasing an additional 360,200 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of BankUnited by 93.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 588,609 shares of the financial services provider’s stock worth $23,968,000 after purchasing an additional 284,123 shares during the period. 94.35% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE BKU traded down $0.09 during trading hours on Thursday, hitting $41.56. 23,427 shares of the stock were exchanged, compared to its average volume of 1,100,809. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.45. The firm has a market cap of $4.42 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. BankUnited has a 12 month low of $30.37 and a 12 month high of $44.97.
BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The firm had revenue of $275.80 million during the quarter, compared to analyst estimates of $271.96 million. BankUnited had a net margin of 45.31% and a return on equity of 11.16%. During the same quarter in the previous year, the business posted $0.57 EPS. equities research analysts anticipate that BankUnited will post 3.3 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Monday, July 16th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. BankUnited’s dividend payout ratio (DPR) is presently 31.70%.
Several brokerages have recently weighed in on BKU. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Sandler O’Neill raised shares of BankUnited from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Finally, UBS Group began coverage on shares of BankUnited in a research report on Wednesday, March 21st. They issued a “neutral” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. BankUnited currently has an average rating of “Hold” and an average price target of $43.64.
In related news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $40.63, for a total transaction of $40,630.00. Following the completion of the transaction, the insider now owns 25,118 shares in the company, valued at approximately $1,020,544.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rajinder P. Singh sold 122,451 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $41.89, for a total transaction of $5,129,472.39. Following the transaction, the insider now owns 327,672 shares of the company’s stock, valued at approximately $13,726,180.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,378 shares of company stock valued at $8,411,444. 2.30% of the stock is currently owned by company insiders.
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.
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