Tudor Investment Corp ET AL increased its holdings in BankUnited, Inc. (NYSE:BKU) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,977 shares of the financial services provider’s stock after purchasing an additional 842 shares during the quarter. Tudor Investment Corp ET AL’s holdings in BankUnited were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in BankUnited by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock worth $295,602,000 after purchasing an additional 300,744 shares during the period. Diamond Hill Capital Management Inc. raised its position in BankUnited by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock worth $258,425,000 after purchasing an additional 792,163 shares during the period. BlackRock Inc. raised its position in BankUnited by 14,458.5% in the 1st quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock worth $185,017,000 after purchasing an additional 4,924,867 shares during the period. FMR LLC raised its position in BankUnited by 9.3% in the 1st quarter. FMR LLC now owns 4,576,449 shares of the financial services provider’s stock worth $170,747,000 after purchasing an additional 388,495 shares during the period. Finally, State Street Corp raised its position in BankUnited by 4.7% in the 1st quarter. State Street Corp now owns 3,820,415 shares of the financial services provider’s stock worth $142,538,000 after purchasing an additional 171,952 shares during the period. Institutional investors own 98.24% of the company’s stock.
In related news, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.08, for a total transaction of $261,170.60. Following the completion of the sale, the insider now directly owns 29,000 shares of the company’s stock, valued at $1,017,320. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John Adam Kanas sold 78,190 shares of the 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 sale, the chairman now directly owns 565,076 shares of the company’s stock, valued at $18,749,221.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 386,035 shares of company stock valued at $12,843,735. Corporate insiders own 5.10% of the company’s stock.
BankUnited, Inc. (BKU) opened at 34.99 on Wednesday. BankUnited, Inc. has a 52-week low of $28.13 and a 52-week high of $41.00. The stock has a market cap of $3.74 billion, a PE ratio of 15.66 and a beta of 1.10. The firm has a 50 day moving average of $33.74 and a 200-day moving average of $34.22.
BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $269.48 million during 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 in the prior year, the company earned $0.52 earnings per share. Equities analysts anticipate that BankUnited, Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, October 13th. BankUnited’s dividend payout ratio is presently 37.67%.
BKU has been the topic of a number of analyst reports. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and issued a $39.00 target price (down previously from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Bank of America Corporation reiterated a “buy” rating and issued a $46.00 target price on shares of BankUnited in a research report on Monday, July 10th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $40.00 target price on shares of BankUnited in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given 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.
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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.
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