Stifel Financial Corp lifted its stake in BankUnited (NYSE:BKU) by 16.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 31,106 shares of the financial services provider’s stock after purchasing an additional 4,471 shares during the quarter. Stifel Financial Corp’s holdings in BankUnited were worth $1,245,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of BankUnited by 2.7% in the first quarter. Sei Investments Co. now owns 238,727 shares of the financial services provider’s stock valued at $9,545,000 after purchasing an additional 6,273 shares during the period. Russell Investments Group Ltd. increased its holdings in BankUnited by 26.9% during the 1st quarter. Russell Investments Group Ltd. now owns 334,170 shares of the financial services provider’s stock valued at $13,358,000 after acquiring an additional 70,896 shares in the last quarter. NorthCoast Asset Management LLC purchased a new position in BankUnited during the 1st quarter valued at about $1,364,000. Hsbc Holdings PLC increased its holdings in BankUnited by 23.7% during the 1st quarter. Hsbc Holdings PLC now owns 36,895 shares of the financial services provider’s stock valued at $1,476,000 after acquiring an additional 7,064 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in BankUnited by 2,562.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 193,781 shares of the financial services provider’s stock valued at $7,749,000 after acquiring an additional 186,504 shares in the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.
Shares of BankUnited opened at $41.52 on Thursday, according to Marketbeat Ratings. The stock has a market cap of $4.51 billion, a PE ratio of 14.93, a PEG ratio of 1.46 and a beta of 1.07. BankUnited has a 12 month low of $30.37 and a 12 month high of $44.97. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.45.
BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The business had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.96 million. BankUnited had a net margin of 45.31% and a return on equity of 11.16%. During the same period in the previous year, the firm posted $0.57 earnings per share. research analysts predict that BankUnited will post 3.3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Monday, July 16th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.02%. BankUnited’s dividend payout ratio (DPR) is presently 31.70%.
In other news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $40.63, for a total transaction of $40,630.00. Following the completion of the sale, the insider now directly owns 25,118 shares in the company, valued at $1,020,544.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rajinder P. Singh sold 74,927 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $43.26, for a total transaction of $3,241,342.02. Following the completion of the sale, the insider now directly owns 305,221 shares in the company, valued at $13,203,860.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,378 shares of company stock valued at $8,411,444. Insiders own 2.30% of the company’s stock.
Several equities analysts have weighed in on BKU shares. UBS Group started coverage on shares of BankUnited in a report on Wednesday, March 21st. They set a “neutral” rating and a $45.00 target price for the company. Zacks Investment Research upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, March 28th. ValuEngine downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Sandler O’Neill upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. BankUnited presently has an average rating of “Hold” and a consensus price target of $43.64.
BankUnited Company Profile
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, and savings accounts, as well as certificates of deposit; and treasury management services.
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