Inspire Advisors LLC Takes $2.93 Million Position in BankUnited, Inc. $BKU

Inspire Advisors LLC acquired a new position in BankUnited, Inc. (NYSE:BKU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 82,237 shares of the financial services provider’s stock, valued at approximately $2,927,000. Inspire Advisors LLC owned approximately 0.11% of BankUnited as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its position in shares of BankUnited by 9.8% during the 1st quarter. Cerity Partners LLC now owns 8,117 shares of the financial services provider’s stock worth $280,000 after buying an additional 726 shares in the last quarter. CWM LLC lifted its stake in BankUnited by 31.7% in the first quarter. CWM LLC now owns 7,464 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 1,798 shares during the period. Allianz Asset Management GmbH grew its holdings in BankUnited by 4.6% during the 1st quarter. Allianz Asset Management GmbH now owns 209,343 shares of the financial services provider’s stock worth $7,210,000 after acquiring an additional 9,203 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in BankUnited during the 1st quarter valued at about $1,443,000. Finally, Royce & Associates LP increased its position in BankUnited by 8.8% during the 1st quarter. Royce & Associates LP now owns 1,250,997 shares of the financial services provider’s stock valued at $43,084,000 after purchasing an additional 101,170 shares during the period. 99.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Cantor Fitzgerald restated an “overweight” rating and set a $44.00 target price on shares of BankUnited in a report on Thursday, October 23rd. Wells Fargo & Company cut their price target on BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Hovde Group boosted their price target on BankUnited from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Piper Sandler restated a “neutral” rating and set a $43.00 price objective (up from $41.00) on shares of BankUnited in a research note on Thursday, July 24th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.91.

BankUnited Stock Performance

Shares of BKU stock opened at $38.24 on Tuesday. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. The business’s fifty day simple moving average is $38.81 and its 200-day simple moving average is $37.17. The company has a current ratio of 0.83, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The company has a market cap of $2.87 billion, a PE ratio of 10.77 and a beta of 1.34.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The firm had revenue of $275.68 million during the quarter, compared to analysts’ expectations of $280.33 million. During the same quarter last year, the firm earned $0.81 EPS. The business’s quarterly revenue was down 7.1% on a year-over-year basis. Analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, October 10th. This represents a $1.24 annualized dividend and a dividend yield of 3.2%. BankUnited’s dividend payout ratio is 34.93%.

About BankUnited

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.