Jupiter Topco LLC Takes $1.67 Million Position in BankUnited, Inc. $BKU

Key Points

• Jupiter Topco purchased 34,446 BankUnited shares worth approximately $1.67 million in the second quarter. Institutional investors collectively own 99.70% of the company.
• BankUnited reported quarterly EPS of $0.97, below the $1.00 analyst consensus, while revenue rose 3.9% year over year to $284.57 million. The company also maintains a quarterly dividend of $0.33 per share, yielding about 2.8%.
• Analyst opinions remain mixed, resulting in a consensus “Hold” rating and an average price target of $51.64 versus the reported share price of $46.42.

Jupiter Topco LLC purchased a new stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,446 shares of the financial services provider's stock, valued at approximately $1,670,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKU. Allworth Financial LP purchased a new position in shares of BankUnited during the 2nd quarter worth $26,000. Strs Ohio purchased a new position in BankUnited during the 1st quarter valued at approximately $28,000. Eurizon Capital SGR S.p.A. bought a new stake in BankUnited in the 4th quarter worth approximately $30,000. Kestra Advisory Services LLC bought a new stake in BankUnited during the fourth 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 purchasing an additional 576 shares during the period. Hedge funds and other institutional investors own 99.70% of the company's stock.

BankUnited Trading Up 1.1%

BKU opened at $46.42 on Friday. The business has a fifty day simple moving average of $47.25 and a 200-day simple moving average of $46.82. BankUnited, Inc. has a 52 week low of $35.10 and a 52 week high of $52.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.31 billion, a P/E ratio of 12.72 and a beta of 1.17.

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

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 10th. BankUnited's dividend payout ratio (DPR) is currently 36.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BKU shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of BankUnited in a research note on Wednesday, July 22nd. Wells Fargo & Company began coverage on shares of BankUnited in a research report on Monday, August 10th. They issued an "overweight" rating and a $54.00 price target for the company. Zacks Research downgraded BankUnited from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 19th. Citigroup reduced their price objective on shares of BankUnited from $45.00 to $42.00 and set a "sell" rating for the company in a research note on Friday, July 24th. Finally, Hovde Group dropped their price target on BankUnited from $55.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, BankUnited has a consensus rating of "Hold" and an average target price of $51.64.

Insider Activity at BankUnited

In related news, Director Douglas J. Pauls sold 3,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $47.90, for a total value of $143,700.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay D. Richards sold 4,000 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the sale, the insider owned 40,502 shares in the company, valued at $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company's stock.

BankUnited Profile

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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