Empowered Funds LLC boosted its holdings in BankUnited, Inc. (NYSE:BKU – Free Report) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,036 shares of the financial services provider’s stock after acquiring an additional 18,724 shares during the quarter. Empowered Funds LLC owned 0.44% of BankUnited worth $14,363,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of BankUnited by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock worth $210,390,000 after purchasing an additional 26,292 shares in the last quarter. State Street Corp lifted its holdings in shares of BankUnited by 3.5% during 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 in the last quarter. HoldCo Asset Management LP lifted its holdings in shares of BankUnited by 277.3% during the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock valued at $157,568,000 after purchasing an additional 2,598,382 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of BankUnited by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock valued at $140,654,000 after buying an additional 84,971 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of BankUnited during the fourth quarter valued at $73,655,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the sale, the director directly owned 15,027 shares in the company, valued at approximately $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction that occurred 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 directly owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on BankUnited
BankUnited Stock Down 1.8%
BankUnited stock opened at $46.01 on Thursday. BankUnited, Inc. has a one year low of $34.79 and a one year high of $52.11. The stock has a fifty day moving average of $47.71 and a 200 day moving average of $47.07. 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 stock has a market cap of $3.34 billion, a PE ratio of 12.61 and a beta of 1.17.
BankUnited (NYSE:BKU – Get Free Report) last announced its 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 during the quarter, compared to analysts’ expectations of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. As a group, sell-side analysts predict that BankUnited, Inc. will post 4.09 EPS for the current year.
BankUnited Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. BankUnited’s dividend payout ratio (DPR) is presently 36.16%.
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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