Jupiter Asset Management Ltd. bought a new stake in shares of BankUnited, Inc. (NYSE:BKU – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 47,911 shares of the financial services provider’s stock, valued at approximately $2,135,000. Jupiter Asset Management Ltd. owned about 0.06% of BankUnited as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Strs Ohio bought a new stake in BankUnited during the first quarter worth $28,000. Quarry LP lifted its holdings in BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 576 shares during the period. Hantz Financial Services Inc. lifted its holdings in BankUnited by 202.0% during the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 814 shares during the period. Jones Financial Companies Lllp lifted its holdings in BankUnited by 4,293.5% during the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,331 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in BankUnited by 141.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 898 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.
Wall Street Analysts Forecast Growth
BKU has been the topic of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Zacks Research lowered BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. The Goldman Sachs Group reiterated a “sell” rating on shares of BankUnited in a report on Monday, February 2nd. Finally, Jefferies Financial Group dropped their price target on BankUnited from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.27.
BankUnited Stock Performance
Shares of BKU opened at $46.38 on Friday. The firm has a market cap of $3.37 billion, a PE ratio of 12.92 and a beta of 1.19. The stock’s fifty day moving average price is $46.15 and its two-hundred day moving average price is $45.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. BankUnited, Inc. has a 1 year low of $33.06 and a 1 year high of $52.11.
BankUnited (NYSE:BKU – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, equities research analysts forecast that BankUnited, Inc. will post 4.16 EPS for the current year.
BankUnited Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.33 dividend. The ex-dividend date was Friday, April 10th. This is a boost from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. BankUnited’s dividend payout ratio is presently 36.77%.
Insider Activity
In other BankUnited news, insider Kevin A. Malcolm sold 3,447 shares of the business’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 sale, the insider directly owned 11,500 shares in the company, valued at $541,765. The trade was a 23.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by 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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