Vident Advisory LLC Buys Shares of 8,242 BankUnited, Inc. $BKU

Key Points

• Vident Advisory LLC acquired 8,242 shares of BankUnited, Inc. valued at approximately $284,000 in the first quarter, adding to the significant institutional interest in the company.
• BankUnited reported earnings of $0.91 per share for the last quarter, exceeding the consensus estimate by $0.12, with a total revenue of $273.93 million.
• The company recently announced a quarterly dividend of $0.31 per share, representing an annualized payout of $1.24, yielding 3.2%, with a payout ratio of 36.36%.

Vident Advisory LLC purchased a new position in BankUnited, Inc. (NYSE:BKU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,242 shares of the financial services provider's stock, valued at approximately $284,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in BankUnited by 31.7% in the 1st quarter. CWM LLC now owns 7,464 shares of the financial services provider's stock worth $257,000 after acquiring an additional 1,798 shares in the last quarter. Principal Financial Group Inc. increased its holdings in BankUnited by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 372,237 shares of the financial services provider's stock worth $12,820,000 after acquiring an additional 9,750 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in BankUnited in the 1st quarter worth $585,000. Jump Financial LLC purchased a new stake in BankUnited in the 1st quarter worth $1,398,000. Finally, Bank of New York Mellon Corp increased its holdings in BankUnited by 36.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,059,697 shares of the financial services provider's stock worth $36,496,000 after acquiring an additional 285,092 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

Insider Activity

In other news, Director Douglas J. Pauls sold 3,500 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.79, for a total transaction of $135,765.00. Following the transaction, the director owned 43,205 shares of the company's stock, valued at approximately $1,675,921.95. The trade was a 7.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay D. Richards sold 3,942 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the transaction, the insider directly owned 39,193 shares in the company, valued at approximately $1,521,080.33. The trade was a 9.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

BankUnited Price Performance

Shares of BankUnited stock traded down $1.09 during trading hours on Monday, reaching $38.23. 1,031,450 shares of the company's stock were exchanged, compared to its average volume of 524,425. The business has a fifty day moving average of $37.82 and a two-hundred day moving average of $35.27. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2.88 billion, a P/E ratio of 11.21 and a beta of 1.29. BankUnited, Inc. has a 1 year low of $28.21 and a 1 year high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.12. The firm had revenue of $273.93 million for the quarter, compared to analysts' expectations of $267.17 million. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.2%. BankUnited's payout ratio is presently 36.36%.

Wall Street Analysts Forecast Growth

BKU has been the subject of several recent analyst reports. Wall Street Zen raised shares of BankUnited from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Cantor Fitzgerald initiated coverage on shares of BankUnited in a report on Wednesday, September 10th. They issued an "overweight" rating and a $44.00 price target for the company. Citigroup boosted their price target on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Jefferies Financial Group began coverage on shares of BankUnited in a report on Wednesday, May 21st. They set a "hold" rating and a $39.00 target price for the company. Finally, Barclays upped their target price on shares of BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BankUnited has an average rating of "Hold" and an average target price of $41.75.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.