Dimensional Fund Advisors LP increased its holdings in shares of BankUnited, Inc. (NYSE:BKU – Free Report) by 0.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,756,263 shares of the financial services provider’s stock after buying an additional 1,463 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of BankUnited worth $107,395,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC acquired a new position in shares of BankUnited during the fourth quarter worth $134,000. Exchange Traded Concepts LLC raised its holdings in BankUnited by 4.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 20,277 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 785 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of BankUnited in the 1st quarter worth approximately $425,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BankUnited by 13.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,935 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 1,434 shares during the period. Finally, Advisors Capital Management LLC boosted its stake in shares of BankUnited by 1.1% in the 1st quarter. Advisors Capital Management LLC now owns 105,241 shares of the financial services provider’s stock valued at $2,376,000 after purchasing an additional 1,122 shares during the last quarter. 99.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on BKU shares. JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $23.00 to $25.00 in a report on Thursday, June 29th. StockNews.com began coverage on BankUnited in a research report on Thursday, August 17th. They set a “sell” rating on the stock. 58.com reiterated a “maintains” rating on shares of BankUnited in a report on Thursday, June 29th. Compass Point boosted their price target on BankUnited from $30.00 to $33.00 in a research note on Wednesday, July 26th. Finally, Royal Bank of Canada raised their price objective on shares of BankUnited from $25.00 to $29.00 in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, BankUnited has a consensus rating of “Hold” and an average price target of $27.83.
BankUnited Stock Performance
Shares of BKU stock opened at $24.74 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.37. The firm has a fifty day simple moving average of $26.19 and a two-hundred day simple moving average of $24.22. BankUnited, Inc. has a 12 month low of $15.83 and a 12 month high of $40.22. The firm has a market capitalization of $1.84 billion, a PE ratio of 7.23 and a beta of 1.27.
BankUnited (NYSE:BKU – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. BankUnited had a net margin of 15.26% and a return on equity of 10.60%. The firm had revenue of $488.91 million during the quarter, compared to analysts’ expectations of $247.56 million. During the same period last year, the company earned $0.82 earnings per share. Analysts forecast that BankUnited, Inc. will post 2.89 EPS for the current fiscal year.
BankUnited Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, July 13th. This represents a $1.08 annualized dividend and a dividend yield of 4.37%. BankUnited’s payout ratio is 31.58%.
BankUnited Company Profile
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.
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