BankUnited Inc. (NYSE:BKU) declared a quarterly dividend on Thursday, September 29th. Shareholders of record on Monday, October 17th will be paid a dividend of 0.21 per share by the financial services provider on Monday, October 31st. This represents a $0.84 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, October 13th.
BankUnited (NYSE:BKU) opened at 30.18 on Friday. The firm has a 50-day moving average price of $30.80 and a 200 day moving average price of $32.04. BankUnited has a 52 week low of $27.85 and a 52 week high of $39.97. The company has a market cap of $3.14 billion, a P/E ratio of 12.05 and a beta of 0.83.
BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. BankUnited had a return on equity of 9.80% and a net margin of 24.42%. During the same period in the prior year, the business earned $0.43 EPS. Analysts expect that BankUnited will post $2.10 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the company. Zacks Investment Research raised BankUnited from a “sell” rating to a “hold” rating in a report on Friday, June 17th. Sandler O’Neill downgraded BankUnited from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Thursday, July 21st. Royal Bank Of Canada lowered their price target on BankUnited from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, July 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $34.00 price target on shares of BankUnited in a report on Thursday, July 21st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $37.00 price target (down from $39.00) on shares of BankUnited in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.96.
In other BankUnited news, insider Mark Bagnoli sold 2,000 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $30.11, for a total value of $60,220.00. Following the completion of the sale, the insider now owns 17,458 shares in the company, valued at $525,660.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey Starr sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $31.20, for a total value of $156,000.00. Following the completion of the sale, the insider now owns 34,000 shares of the company’s stock, valued at approximately $1,060,800. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Analytic Investors LLC boosted its stake in shares of BankUnited by 13.7% in the second quarter. Analytic Investors LLC now owns 181,413 shares of the financial services provider’s stock worth $5,573,000 after buying an additional 21,928 shares during the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of BankUnited by 41.3% in the second quarter. BlueMountain Capital Management LLC now owns 10,185 shares of the financial services provider’s stock worth $313,000 after buying an additional 2,978 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of BankUnited during the second quarter worth approximately $323,000. Fifth Third Bancorp boosted its stake in shares of BankUnited by 11.3% in the second quarter. Fifth Third Bancorp now owns 17,457 shares of the financial services provider’s stock worth $536,000 after buying an additional 1,767 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of BankUnited by 7.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,736 shares of the financial services provider’s stock worth $243,000 after buying an additional 494 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.
BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
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