BNP Paribas Arbitrage SA reduced its holdings in shares of BankUnited (NYSE:BKU) by 70.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,048 shares of the financial services provider’s stock after selling 38,260 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in BankUnited were worth $536,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of BKU. Oppenheimer Asset Management Inc. grew its position in BankUnited by 39,225.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,292 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 6,276 shares during the last quarter. Deutsche Bank AG grew its position in BankUnited by 3,038.6% during the 4th quarter. Deutsche Bank AG now owns 1,166,047 shares of the financial services provider’s stock worth $34,909,000 after acquiring an additional 1,128,895 shares during the last quarter. Geode Capital Management LLC grew its position in BankUnited by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,126,412 shares of the financial services provider’s stock worth $33,724,000 after acquiring an additional 45,409 shares during the last quarter. Norges Bank bought a new stake in BankUnited during the 4th quarter worth $36,796,000. Finally, Aurora Investment Counsel bought a new stake in BankUnited during the 4th quarter worth $257,000. Institutional investors own 96.92% of the company’s stock.
BKU has been the topic of a number of research reports. Sandler O’Neill lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Barclays lowered BankUnited from an “overweight” rating to an “underweight” rating and boosted their price objective for the stock from $35.75 to $37.00 in a research report on Friday, April 26th. Stephens lowered BankUnited from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th. ValuEngine upgraded BankUnited from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $38.75.
NYSE BKU opened at $34.23 on Thursday. BankUnited has a 12 month low of $28.05 and a 12 month high of $44.97. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.38 and a beta of 1.11. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.93 and a current ratio of 0.93.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. BankUnited had a return on equity of 10.30% and a net margin of 19.06%. The firm had revenue of $227.16 million for the quarter, compared to analyst estimates of $219.03 million. During the same quarter in the previous year, the company posted $0.77 EPS. Equities research analysts expect that BankUnited will post 2.8 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.45%. BankUnited’s dividend payout ratio (DPR) is presently 35.59%.
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, savings accounts, and certificates of deposit; and treasury management services.
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