Swiss National Bank lowered its stake in shares of BankUnited, Inc. (NYSE:BKU – Get Rating) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,500 shares of the financial services provider’s stock after selling 11,200 shares during the quarter. Swiss National Bank’s holdings in BankUnited were worth $7,096,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of BKU. Meeder Asset Management Inc. acquired a new position in shares of BankUnited during the first quarter valued at about $30,000. Convergence Investment Partners LLC acquired a new position in BankUnited in the 2nd quarter worth approximately $128,000. US Bancorp DE increased its holdings in BankUnited by 347.0% in the 1st quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock worth $157,000 after buying an additional 2,762 shares during the period. Prospera Financial Services Inc acquired a new position in BankUnited in the 1st quarter worth approximately $159,000. Finally, Hightower 6M Holding LLC acquired a new position in BankUnited in the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 93.77% of the company’s stock.
In other news, Director A. Gail Prudenti sold 4,500 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $37.26, for a total transaction of $167,670.00. Following the transaction, the director now owns 9,729 shares in the company, valued at approximately $362,502.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.
Analysts Set New Price Targets
BankUnited Price Performance
Shares of NYSE BKU opened at $36.44 on Wednesday. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 8.80 and a beta of 1.21. BankUnited, Inc. has a 12 month low of $33.54 and a 12 month high of $46.75. The firm’s 50 day simple moving average is $35.96 and its 200-day simple moving average is $37.29. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.89 and a quick ratio of 0.89.
BankUnited (NYSE:BKU – Get Rating) last issued its quarterly earnings data on Thursday, October 20th. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. BankUnited had a net margin of 29.75% and a return on equity of 12.71%. During the same quarter in the previous year, the business posted $0.94 EPS. Analysts expect that BankUnited, Inc. will post 3.75 EPS for the current year.
BankUnited Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.74%. BankUnited’s dividend payout ratio (DPR) is 24.15%.
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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