Neuberger Berman Group LLC Cuts Stock Position in BankUnited, Inc. (NYSE:BKU)

Neuberger Berman Group LLC lowered its holdings in BankUnited, Inc. (NYSE:BKUGet Rating) by 2.2% during the 1st quarter, Holdings Channel reports. The firm owned 1,695,123 shares of the financial services provider’s stock after selling 38,723 shares during the period. Neuberger Berman Group LLC’s holdings in BankUnited were worth $74,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WINTON GROUP Ltd boosted its position in BankUnited by 56.5% in the first quarter. WINTON GROUP Ltd now owns 21,450 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 7,744 shares during the last quarter. American Century Companies Inc. lifted its position in shares of BankUnited by 11.2% during the 1st quarter. American Century Companies Inc. now owns 2,951,372 shares of the financial services provider’s stock valued at $129,742,000 after buying an additional 297,652 shares during the last quarter. Royce & Associates LP lifted its position in shares of BankUnited by 13.7% during the 1st quarter. Royce & Associates LP now owns 663,947 shares of the financial services provider’s stock valued at $29,187,000 after buying an additional 80,025 shares during the last quarter. Profund Advisors LLC lifted its position in shares of BankUnited by 19.4% during the 1st quarter. Profund Advisors LLC now owns 11,877 shares of the financial services provider’s stock valued at $522,000 after buying an additional 1,928 shares during the last quarter. Finally, Interval Partners LP purchased a new position in shares of BankUnited during the 1st quarter valued at $4,441,000. Hedge funds and other institutional investors own 93.77% of the company’s stock.

BankUnited Trading Up 0.1 %

BKU opened at $37.63 on Friday. The stock has a market cap of $2.93 billion, a PE ratio of 9.50 and a beta of 1.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.60. The business has a 50 day moving average of $37.88 and a 200-day moving average of $39.33. BankUnited, Inc. has a 52 week low of $33.90 and a 52 week high of $46.75.

BankUnited (NYSE:BKUGet Rating) last released its earnings results on Thursday, July 21st. The financial services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The firm had revenue of $238.87 million during the quarter, compared to analysts’ expectations of $245.42 million. BankUnited had a net margin of 32.13% and a return on equity of 12.00%. During the same quarter in the previous year, the business earned $1.11 EPS. Equities research analysts predict that BankUnited, Inc. will post 3.7 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Wednesday, July 13th. BankUnited’s dividend payout ratio (DPR) is presently 25.25%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BKU. Wedbush increased their price objective on BankUnited to $40.00 in a report on Friday, July 22nd. StockNews.com upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Keefe, Bruyette & Woods lowered BankUnited from an “outperform” rating to a “market perform” rating and set a $51.00 price objective on the stock. in a research report on Thursday, June 2nd. Wells Fargo & Company raised their price target on BankUnited to $45.00 in a research report on Friday, July 22nd. Finally, Piper Sandler raised their price target on BankUnited to $40.00 in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.00.

BankUnited Profile

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BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.

Further Reading

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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