34,446 Shares in BankUnited, Inc. $BKU Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in shares of BankUnited, Inc. (NYSE:BKUFree Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 34,446 shares of the financial services provider’s stock, valued at approximately $1,670,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in shares of BankUnited by 21.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock valued at $66,000 after buying an additional 255 shares during the last quarter. Covestor Ltd grew its stake in shares of BankUnited by 20.9% in the fourth quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 289 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in BankUnited by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 300 shares during the period. Smartleaf Asset Management LLC grew its position in BankUnited by 24.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,810 shares of the financial services provider’s stock valued at $81,000 after buying an additional 358 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in BankUnited by 2.4% in the third quarter. Mackenzie Financial Corp now owns 19,550 shares of the financial services provider’s stock worth $746,000 after acquiring an additional 455 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insiders Place Their Bets

In related news, Director Douglas J. Pauls sold 3,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $47.90, for a total value of $143,700.00. Following the transaction, the director directly owned 42,472 shares in the company, valued at $2,034,408.80. This trade represents a 6.60% decrease in their position. 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 BankUnited stock in a transaction that occurred 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 transaction, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.00% of the company’s stock.

BankUnited Stock Performance

Shares of BKU opened at $46.42 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $3.31 billion, a P/E ratio of 12.72 and a beta of 1.17. The firm’s 50 day moving average price is $47.25 and its two-hundred day moving average price is $46.82. BankUnited, Inc. has a twelve month low of $35.10 and a twelve month high of $52.11.

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

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited’s payout ratio is presently 36.16%.

Analyst Ratings Changes

BKU has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of BankUnited in a research note on Wednesday, August 26th. Keefe, Bruyette & Woods decreased their target price on BankUnited from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Monday, August 3rd. Wells Fargo & Company began coverage on BankUnited in a research report on Monday, August 10th. They set an “overweight” rating and a $54.00 price objective for the company. Zacks Research cut BankUnited from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Finally, Citigroup dropped their price target on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating for the company in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.64.

Get Our Latest Stock Report on BankUnited

BankUnited Company 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.

See Also

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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