Public Employees Retirement System of Ohio trimmed its position in shares of BankUnited (NYSE:BKU) by 19.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 297,052 shares of the financial services provider’s stock after selling 69,567 shares during the quarter. Public Employees Retirement System of Ohio owned 0.28% of BankUnited worth $10,566,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BKU. Public Employees Retirement Association of Colorado raised its position in shares of BankUnited by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BankUnited by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 276 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of BankUnited during the 3rd quarter worth about $174,000. Forward Management LLC acquired a new stake in shares of BankUnited during the 3rd quarter worth about $192,000. Finally, QS Investors LLC raised its position in shares of BankUnited by 9.6% during the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 95.26% of the company’s stock.
In related news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the transaction, the insider now owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.
BKU has been the topic of several analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 price target on shares of BankUnited in a research note on Thursday, September 28th. JMP Securities assumed coverage on BankUnited in a research note on Tuesday. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Barclays boosted their target price on BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $50.00 target price (up from $42.00) on shares of BankUnited in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $42.40.
BankUnited (BKU) traded up $0.64 during trading on Thursday, reaching $42.58. The company had a trading volume of 724,211 shares, compared to its average volume of 897,526. The firm has a market capitalization of $4,550.00, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.73 and a beta of 1.09. BankUnited has a 52-week low of $30.37 and a 52-week high of $42.58. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.
BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $294.59 million during the quarter, compared to the consensus estimate of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same quarter in the prior year, the business earned $0.47 earnings per share. equities research analysts forecast that BankUnited will post 2.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, January 11th. BankUnited’s dividend payout ratio is currently 35.29%.
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BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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