Susquehanna Fundamental Investments LLC Purchases 81,088 Shares of BankUnited, Inc. $BKU

Susquehanna Fundamental Investments LLC boosted its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 265.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,679 shares of the financial services provider's stock after buying an additional 81,088 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.16% of BankUnited worth $5,411,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in BankUnited during the 2nd quarter worth $518,492,000. Dimensional Fund Advisors LP grew its position in shares of BankUnited by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider's stock valued at $210,390,000 after purchasing an additional 26,292 shares during the last quarter. State Street Corp grew its position in shares of BankUnited by 3.5% in the fourth quarter. State Street Corp now owns 4,437,792 shares of the financial services provider's stock valued at $197,792,000 after purchasing an additional 149,450 shares during the last quarter. HoldCo Asset Management LP increased its stake in shares of BankUnited by 277.3% in the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider's stock worth $157,568,000 after purchasing an additional 2,598,382 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of BankUnited by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider's stock worth $140,654,000 after purchasing an additional 84,971 shares during the period. Institutional investors own 99.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BKU. Cantor Fitzgerald restated an "overweight" rating and set a $56.00 target price on shares of BankUnited in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of BankUnited in a research report on Wednesday, August 26th. Jefferies Financial Group reissued a "buy" rating on shares of BankUnited in a research report on Wednesday, July 22nd. Royal Bank Of Canada lowered their price objective on shares of BankUnited from $53.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of BankUnited from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $51.64.

BankUnited Stock Down 2.2%

BKU stock opened at $45.38 on Tuesday. BankUnited, Inc. has a twelve month low of $35.10 and a twelve month 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 company has a market cap of $3.23 billion, a PE ratio of 12.43 and a beta of 1.18. The business's 50-day simple moving average is $47.57 and its 200 day simple moving average is $46.90.

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

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited's dividend payout ratio (DPR) is 36.16%.

Insider Buying and Selling at BankUnited

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of BankUnited stock in a transaction on Monday, June 15th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas J. Pauls sold 3,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total transaction of $143,700.00. Following the completion of the transaction, the director owned 42,472 shares of the company's stock, valued at approximately $2,034,408.80. This represents a 6.60% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by company insiders.

About BankUnited

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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