BankUnited, Inc. $BKU Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd cut its BankUnited stake by 88.7% in the second quarter, selling 148,247 shares and retaining 18,876 shares valued at approximately $915,000. Institutional investors collectively own 99.7% of BKU.
• BankUnited’s latest quarterly results fell short of expectations, with EPS of $0.97 versus the $1.00 consensus and revenue of $284.57 million versus estimates of $290.33 million. Revenue nevertheless increased 3.9% year over year.
• The company maintains a quarterly dividend of $0.33 per share, equivalent to a 2.9% yield. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $51.64 compared with the stock’s $44.81 opening price.

WINTON GROUP Ltd lessened its stake in BankUnited, Inc. (NYSE:BKU - Free Report) by 88.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,876 shares of the financial services provider's stock after selling 148,247 shares during the quarter. WINTON GROUP Ltd's holdings in BankUnited were worth $915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BKU. Allworth Financial LP purchased a new stake in BankUnited during the second quarter worth about $26,000. Strs Ohio acquired a new stake in shares of BankUnited during the 1st quarter valued at approximately $28,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of BankUnited during the 4th quarter valued at approximately $30,000. Kestra Advisory Services LLC purchased a new stake in shares of BankUnited during the 4th quarter worth approximately $35,000. Finally, Quarry LP boosted its stake in shares of BankUnited by 158.2% during the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider's stock worth $36,000 after acquiring an additional 576 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company's stock.

BankUnited Stock Performance

NYSE:BKU opened at $44.81 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $3.19 billion, a PE ratio of 12.28 and a beta of 1.17. The firm has a 50 day simple moving average of $46.94 and a 200-day simple moving average of $46.68. BankUnited, Inc. has a 1-year low of $35.10 and a 1-year high of $52.11.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.03). The firm had revenue of $284.57 million for the quarter, compared to analyst estimates of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The firm's revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. On average, equities analysts expect that BankUnited, Inc. will post 4.01 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited's dividend payout ratio is currently 36.16%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research downgraded BankUnited from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. Weiss Ratings reissued a "buy (b)" rating on shares of BankUnited in a report on Wednesday, August 26th. Hovde Group dropped their price target on BankUnited from $55.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 27th. Citigroup cut their price target on BankUnited from $45.00 to $42.00 and set a "sell" rating for the company in a research note on Friday, July 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $56.00 price objective on shares of BankUnited in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, BankUnited presently has an average rating of "Hold" and an average price target of $51.64.

Insider Activity

In other news, Director Douglas Pauls sold 3,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $47.90, for a total transaction of $143,700.00. Following the sale, the director owned 42,472 shares in the company, valued at $2,034,408.80. This trade represents a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.

About BankUnited

BankUnited, Inc NYSE: BKU is the bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. The company provides banking products and services to commercial and middle-market businesses, public-sector organizations, and individual consumers.

Its offerings include commercial and industrial lending, commercial real estate financing, residential and commercial mortgage lending, consumer loans, deposit accounts, treasury management, online and mobile banking, and other cash-management services.

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