Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 41,885 shares of the financial services provider's stock, valued at approximately $1,443,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of BankUnited at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its position in BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after buying an additional 410 shares during the period. Summit Investment Advisors Inc. boosted its position in BankUnited by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock worth $298,000 after buying an additional 495 shares during the period. Bank of Montreal Can boosted its position in BankUnited by 4.1% during the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock worth $579,000 after buying an additional 593 shares during the period. Cerity Partners LLC boosted its position in BankUnited by 9.8% during the 1st quarter. Cerity Partners LLC now owns 8,117 shares of the financial services provider's stock worth $280,000 after buying an additional 726 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in BankUnited by 14.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,174 shares of the financial services provider's stock worth $274,000 after buying an additional 932 shares during the period. 99.70% of the stock is owned by institutional investors.
Analyst Ratings Changes
BKU has been the topic of several recent research reports. Piper Sandler reiterated a "neutral" rating and set a $43.00 target price (up from $41.00) on shares of BankUnited in a research report on Thursday, July 24th. Citigroup lifted their target price on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company lifted their target price on shares of BankUnited from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of BankUnited in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BankUnited from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $41.55.
Get Our Latest Stock Report on BKU
BankUnited Stock Down 2.1%
Shares of BankUnited stock traded down $0.76 during trading on Friday, reaching $35.71. 982,354 shares of the company traded hands, compared to its average volume of 798,775. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45. The company has a 50 day moving average price of $35.96 and a 200-day moving average price of $35.72. The firm has a market capitalization of $2.69 billion, a PE ratio of 10.47 and a beta of 1.32.
BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The company had revenue of $273.93 million for the quarter, compared to the consensus estimate of $267.17 million. During the same quarter in the previous year, the company earned $0.72 EPS. As a group, equities research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.
BankUnited Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, July 11th. BankUnited's payout ratio is presently 36.36%.
Insider Activity at BankUnited
In other BankUnited news, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $33.56, for a total transaction of $764,362.56. Following the completion of the sale, the chief financial officer owned 59,899 shares in the company, valued at approximately $2,010,210.44. The trade was a 27.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jay D. Richards sold 3,942 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the sale, the insider owned 39,193 shares of the company's stock, valued at $1,521,080.33. This trade represents a 9.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,218 shares of company stock worth $1,087,547 over the last quarter. 1.15% of the stock is currently owned by insiders.
BankUnited Profile
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Free Report)
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.
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