Ieq Capital LLC Purchases New Position in BankUnited, Inc. $BKU

Ieq Capital LLC acquired a new position in BankUnited, Inc. (NYSE:BKU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,313 shares of the financial services provider’s stock, valued at approximately $2,438,000. Ieq Capital LLC owned about 0.07% of BankUnited as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. acquired a new stake in shares of BankUnited in the 1st quarter valued at $6,797,000. Horizon Investments LLC acquired a new position in BankUnited during the fourth quarter worth $1,858,000. Artemis Investment Management LLP acquired a new position in BankUnited during the fourth quarter worth $73,655,000. Burney Co. bought a new position in BankUnited during the first quarter valued at about $1,026,000. Finally, Fifth Third Bancorp raised its holdings in BankUnited by 4,572.7% during the first quarter. Fifth Third Bancorp now owns 25,653 shares of the financial services provider’s stock valued at $1,159,000 after buying an additional 25,104 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

BankUnited Trading Down 0.0%

BankUnited stock opened at $46.31 on Tuesday. BankUnited, Inc. has a 52 week low of $35.10 and a 52 week high of $52.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $3.30 billion, a PE ratio of 12.69 and a beta of 1.18. The business’s 50-day simple moving average is $47.71 and its 200-day simple moving average is $47.04.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The business had revenue of $284.57 million during the quarter, compared to analyst estimates of $290.33 million. During the same period last year, the business earned $0.91 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that BankUnited, Inc. will post 4.01 earnings per share for the current year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. BankUnited’s payout ratio is 36.16%.

Insider Activity at BankUnited

In other news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at approximately $690,791.19. The trade was a 6.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $48.67, for a total transaction of $194,680.00. Following the transaction, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This represents a 8.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,000 shares of company stock worth $384,350 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BKU. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays cut their price objective on BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Zacks Research cut BankUnited from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Finally, Hovde Group dropped their price target on shares of BankUnited from $55.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.64.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.