Vanguard Group Inc. increased its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,768,948 shares of the financial services provider’s stock after acquiring an additional 300,744 shares during the quarter. Vanguard Group Inc. owned approximately 8.21% of BankUnited worth $295,602,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Public Employees Retirement Association of Colorado lifted its holdings in BankUnited by 4.1% during the second 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 during the period. ProShare Advisors LLC lifted its holdings in BankUnited by 0.8% during the second quarter. ProShare Advisors LLC now owns 18,716 shares of the financial services provider’s stock worth $631,000 after acquiring an additional 146 shares during the period. Teton Advisors Inc. lifted its holdings in BankUnited by 1.0% during the second quarter. Teton Advisors Inc. now owns 25,670 shares of the financial services provider’s stock worth $865,000 after acquiring an additional 257 shares during the period. Principal Financial Group Inc. lifted its holdings in BankUnited by 1.6% during the first quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock worth $610,000 after acquiring an additional 258 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BankUnited by 8.1% during the second 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 during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2017/10/11/bankunited-inc-bku-position-increased-by-vanguard-group-inc.html.
A number of brokerages recently commented on BKU. ValuEngine upgraded BankUnited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub upgraded BankUnited from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 price target on shares of BankUnited in a report on Thursday, September 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $40.00 target price on shares of BankUnited in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.82.
In other news, insider Jeffrey Starr sold 7,445 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the transaction, the insider now directly owns 29,000 shares in the company, valued at approximately $1,017,320. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John Adam Kanas sold 78,190 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the transaction, the chairman now owns 565,076 shares in the company, valued at $18,749,221.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 386,035 shares of company stock worth $12,843,735. Company insiders own 5.10% of the company’s stock.
Shares of BankUnited, Inc. (NYSE:BKU) opened at 34.99 on Wednesday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 15.66 and a beta of 1.10. The firm has a 50 day moving average price of $33.74 and a 200 day moving average price of $34.22. BankUnited, Inc. has a 52 week low of $28.13 and a 52 week high of $41.00.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $269.48 million for the quarter, compared to the consensus estimate of $258.47 million. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. During the same period last year, the business posted $0.52 EPS. Equities analysts forecast that BankUnited, Inc. will post $2.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.40%. BankUnited’s dividend payout ratio (DPR) is currently 37.67%.
BankUnited Company Profile
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.
Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankUnited, Inc. (NYSE:BKU).
Receive News & Ratings for BankUnited Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited Inc. and related companies with MarketBeat.com's FREE daily email newsletter.