A.R.T. Advisors LLC grew its position in shares of BankUnited (NYSE:BKU) by 307.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,700 shares of the financial services provider’s stock after purchasing an additional 29,200 shares during the period. A.R.T. Advisors LLC’s holdings in BankUnited were worth $1,306,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of BKU. Dimensional Fund Advisors LP boosted its holdings in BankUnited by 32.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,403,471 shares of the financial services provider’s stock worth $71,961,000 after purchasing an additional 583,302 shares during the period. Geode Capital Management LLC boosted its holdings in BankUnited by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 1,126,412 shares of the financial services provider’s stock worth $33,724,000 after purchasing an additional 45,409 shares during the period. California Public Employees Retirement System boosted its holdings in BankUnited by 1.3% in the first quarter. California Public Employees Retirement System now owns 264,170 shares of the financial services provider’s stock worth $8,823,000 after purchasing an additional 3,506 shares during the period. Laurion Capital Management LP acquired a new position in BankUnited in the first quarter worth $1,651,000. Finally, US Bancorp DE boosted its holdings in BankUnited by 167.9% in the first quarter. US Bancorp DE now owns 16,778 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 10,516 shares during the period. Institutional investors own 97.10% of the company’s stock.
Several brokerages have recently issued reports on BKU. Morgan Stanley reduced their price target on shares of BankUnited from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. ValuEngine downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Zacks Investment Research downgraded shares of BankUnited from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a report on Friday. Finally, DA Davidson reissued a “buy” rating on shares of BankUnited in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. BankUnited presently has an average rating of “Hold” and a consensus price target of $37.56.
NYSE:BKU traded up $0.32 on Friday, hitting $33.08. 372,943 shares of the company’s stock traded hands, compared to its average volume of 649,463. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86. BankUnited has a 1 year low of $28.05 and a 1 year high of $37.32. The firm has a 50-day moving average price of $32.68 and a 200-day moving average price of $33.53. The company has a market cap of $3.08 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.15.
BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.13. The business had revenue of $226.22 million during the quarter, compared to analysts’ expectations of $224.42 million. BankUnited had a return on equity of 10.21% and a net margin of 18.74%. During the same quarter in the previous year, the business posted $0.82 EPS. On average, research analysts forecast that BankUnited will post 2.88 EPS for the current fiscal year.
The firm also recently announced a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.21 dividend. This represents a yield of 2.5%. The ex-dividend date is Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is presently 35.59%.
In related news, insider Jay D. Richards sold 1,782 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $34.45, for a total transaction of $61,389.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Douglas J. Pauls sold 22,133 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $34.16, for a total transaction of $756,063.28. Following the transaction, the director now directly owns 56,581 shares in the company, valued at approximately $1,932,806.96. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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