Short Interest in BankUnited, Inc. (NYSE:BKU) Rises By 6.9%

BankUnited, Inc. (NYSE:BKUGet Rating) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,310,000 shares, a growth of 6.9% from the August 15th total of 4,030,000 shares. Currently, 5.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 633,900 shares, the days-to-cover ratio is currently 6.8 days.

BankUnited Price Performance

Shares of BKU opened at $37.38 on Thursday. BankUnited has a 52-week low of $33.90 and a 52-week high of $46.75. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day simple moving average of $38.07 and a 200 day simple moving average of $39.26. The firm has a market capitalization of $2.91 billion, a PE ratio of 9.44 and a beta of 1.25.

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

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, July 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Wednesday, July 13th. BankUnited’s payout ratio is 25.25%.

Wall Street Analyst Weigh In

BKU has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on BankUnited to $40.00 in a research report on Friday, July 22nd. Keefe, Bruyette & Woods cut BankUnited from an “outperform” rating to a “market perform” rating and set a $51.00 price target for the company. in a report on Thursday, June 2nd. JPMorgan Chase & Co. reduced their price target on BankUnited from $43.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, July 1st. StockNews.com raised BankUnited from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Wedbush upped their price objective on BankUnited to $40.00 in a research note on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, BankUnited presently has an average rating of “Hold” and an average price target of $45.00.

Hedge Funds Weigh In On BankUnited

A number of hedge funds have recently made changes to their positions in BKU. Meeder Asset Management Inc. bought a new stake in shares of BankUnited during the first quarter valued at approximately $30,000. Infini Capital Management Ltd purchased a new position in shares of BankUnited during the 2nd quarter valued at $71,000. Eagle Bay Advisors LLC lifted its position in shares of BankUnited by 73.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,496 shares of the financial services provider’s stock valued at $89,000 after buying an additional 1,060 shares during the last quarter. US Bancorp DE raised its stake in shares of BankUnited by 347.0% during the 1st quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 2,762 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in shares of BankUnited during the 2nd quarter valued at $128,000. 93.77% of the stock is currently owned by institutional investors.

BankUnited Company Profile

(Get Rating)

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.

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