Horizon Investments LLC bought a new stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,970 shares of the financial services provider's stock, valued at approximately $1,858,000. Horizon Investments LLC owned 0.06% of BankUnited at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Moody Aldrich Partners LLC purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $5,809,000. Torren Management LLC purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $62,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $237,000. UBS Group AG boosted its position in shares of BankUnited by 398.0% during the fourth quarter. UBS Group AG now owns 1,170,378 shares of the financial services provider's stock valued at $52,164,000 after buying an additional 935,370 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of BankUnited by 34.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,908 shares of the financial services provider's stock valued at $976,000 after purchasing an additional 5,587 shares during the period. Hedge funds and other institutional investors own 99.70% of the company's stock.
BankUnited Stock Up 2.6%
BankUnited stock opened at $47.36 on Wednesday. The business has a fifty day moving average of $45.89 and a two-hundred day moving average of $44.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3.49 billion, a P/E ratio of 13.19 and a beta of 1.19. BankUnited, Inc. has a twelve month low of $32.97 and a twelve month high of $52.11.
BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.14). The company had revenue of $273.69 million for the quarter, compared to analysts' expectations of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same quarter in the prior year, the company earned $0.78 EPS. On average, analysts forecast that BankUnited, Inc. will post 4.15 earnings per share for the current fiscal year.
BankUnited Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, April 10th. This is a boost from BankUnited's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. BankUnited's payout ratio is currently 36.77%.
Insiders Place Their Bets
In related news, insider Kevin A. Malcolm sold 3,447 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total value of $162,388.17. Following the transaction, the insider directly owned 11,500 shares of the company's stock, valued at $541,765. This represents a 23.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sanjiv Sobti sold 5,000 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $50.88, for a total value of $254,400.00. Following the completion of the transaction, the director directly owned 18,816 shares in the company, valued at approximately $957,358.08. The trade was a 20.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on BKU. Wells Fargo & Company boosted their price target on BankUnited from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, March 30th. Raymond James Financial reiterated an "outperform" rating on shares of BankUnited in a report on Wednesday, April 22nd. Susquehanna upgraded BankUnited to a "positive" rating in a report on Wednesday, January 21st. Wall Street Zen lowered BankUnited from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Piper Sandler boosted their price target on BankUnited from $42.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $53.27.
Read Our Latest Stock Analysis on BankUnited
BankUnited Profile
(
Free Report)
BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.
The bank's lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.
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