Keybank National Association OH Buys 987 Shares of BankUnited, Inc. (NYSE:BKU)

Posted by Defense World Staff on Apr 22nd, 2023

Keybank National Association OH grew its holdings in BankUnited, Inc. (NYSE:BKU – Get Rating) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,032 shares of the financial services provider’s stock after acquiring an additional 987 shares during the quarter. Keybank National Association OH’s holdings in BankUnited were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BKU. Eagle Bay Advisors LLC lifted its holdings in BankUnited by 16.9% in the third quarter. Eagle Bay Advisors LLC now owns 2,919 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 423 shares during the period. Convergence Investment Partners LLC lifted its holdings in BankUnited by 22.2% in the third quarter. Convergence Investment Partners LLC now owns 4,394 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 797 shares during the period. US Bancorp DE lifted its holdings in BankUnited by 347.0% in the first quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 2,762 shares during the period. Centiva Capital LP acquired a new position in shares of BankUnited during the 2nd quarter worth approximately $200,000. Finally, Inspire Investing LLC acquired a new position in shares of BankUnited during the 3rd quarter worth approximately $207,000.

BankUnited Stock Performance

NYSE BKU opened at $21.21 on Friday. The stock has a fifty day simple moving average of $27.37 and a 200-day simple moving average of $32.67. BankUnited, Inc. has a twelve month low of $20.03 and a twelve month high of $42.17. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a market cap of $1.58 billion, a PE ratio of 5.97 and a beta of 1.17.

BankUnited (NYSE:BKU – Get Rating) last posted its earnings results on Thursday, January 19th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.29). BankUnited had a return on equity of 11.08% and a net margin of 21.78%. The firm had revenue of $269.88 million for the quarter, compared to analyst estimates of $268.41 million. Equities analysts anticipate that BankUnited, Inc. will post 3.47 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Wednesday, April 12th will be paid a dividend of $0.27 per share. This is a positive change from BankUnited’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $1.08 annualized dividend and a yield of 5.09%. BankUnited’s dividend payout ratio is presently 30.42%.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com cut BankUnited from a “hold” rating to a “sell” rating in a research report on Friday, April 7th. The Goldman Sachs Group dropped their target price on BankUnited from $36.00 to $25.00 and set a “sell” rating for the company in a report on Thursday, March 30th. Hovde Group upgraded BankUnited from a “market perform” rating to an “outperform” rating in a report on Monday, March 27th. JPMorgan Chase & Co. dropped their target price on BankUnited from $32.00 to $22.00 in a report on Thursday, April 6th. Finally, Wells Fargo & Company dropped their target price on BankUnited from $38.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 5th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, BankUnited currently has an average rating of “Hold” and an average price target of $34.13.

Insider Buying and Selling

In related news, insider Kevin A. Malcolm sold 1,406 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $35.21, for a total transaction of $49,505.26. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $352,100. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

BankUnited Company Profile

(Get Rating)

BankUnited, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, BankUnited, N.A.. Its services include corporate banking, commercial real estate, treasury management, business checking accounts, business online banking solutions, and home mortgages.