Context BH Capital Management LP lifted its position in BankUnited, Inc. (NYSE:BKU) by 52.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,595 shares of the financial services provider’s stock after acquiring an additional 98,122 shares during the period. BankUnited comprises approximately 3.3% of Context BH Capital Management LP’s holdings, making the stock its 6th largest position. Context BH Capital Management LP owned approximately 0.27% of BankUnited worth $10,159,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its position in shares of BankUnited by 7.4% in the second quarter. Comerica Bank now owns 224,682 shares of the financial services provider’s stock worth $7,451,000 after acquiring an additional 15,437 shares in the last quarter. Moody Aldrich Partners LLC boosted its holdings in shares of BankUnited by 31.6% during the second quarter. Moody Aldrich Partners LLC now owns 24,005 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 5,770 shares during the period. Vanguard Group Inc. boosted its holdings in shares of BankUnited by 3.6% during the second quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock worth $295,602,000 after purchasing an additional 300,744 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of BankUnited by 1.9% during the second quarter. Victory Capital Management Inc. now owns 1,581,056 shares of the financial services provider’s stock worth $53,297,000 after purchasing an additional 30,213 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of BankUnited by 55.4% during the second quarter. Canada Pension Plan Investment Board now owns 28,600 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 10,200 shares during the period. 96.11% of the stock is currently owned by institutional investors and hedge funds.
BankUnited, Inc. (BKU) traded up $0.28 during midday trading on Monday, reaching $32.98. 977,400 shares of the company’s stock were exchanged, compared to its average volume of 841,541. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $3,522.94, a PE ratio of 13.86, a PEG ratio of 1.56 and a beta of 1.08. BankUnited, Inc. has a 1 year low of $30.37 and a 1 year high of $41.00.
BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $294.59 million during the quarter, compared to analysts’ expectations of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same period in the previous year, the company earned $0.47 earnings per share. analysts expect that BankUnited, Inc. will post 2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Friday, October 13th. BankUnited’s dividend payout ratio (DPR) is presently 35.29%.
In other news, Chairman John Adam Kanas sold 78,190 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the sale, the chairman now directly owns 565,076 shares in the company, valued at $18,749,221.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by insiders.
Several analysts recently commented on the stock. Deutsche Bank AG decreased their price target on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. J P Morgan Chase & Co cut shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target for the company. in a report on Wednesday, November 1st. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 price target on shares of BankUnited in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. BankUnited currently has an average rating of “Hold” and an average price target of $40.27.
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BankUnited Company Profile
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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