Interval Partners LP Buys New Position in BankUnited, Inc. (NYSE:BKU)

Interval Partners LP purchased a new position in BankUnited, Inc. (NYSE:BKUGet Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,027 shares of the financial services provider’s stock, valued at approximately $4,441,000. Interval Partners LP owned 0.12% of BankUnited as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in BankUnited by 6.2% in the fourth quarter. State Street Corp now owns 5,432,012 shares of the financial services provider’s stock worth $229,828,000 after purchasing an additional 316,720 shares during the period. Dimensional Fund Advisors LP grew its stake in BankUnited by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,887,447 shares of the financial services provider’s stock worth $170,895,000 after purchasing an additional 177,718 shares during the period. American Century Companies Inc. grew its stake in BankUnited by 11.2% in the first quarter. American Century Companies Inc. now owns 2,951,372 shares of the financial services provider’s stock worth $129,742,000 after purchasing an additional 297,652 shares during the period. Invesco Ltd. grew its stake in BankUnited by 5.7% in the first quarter. Invesco Ltd. now owns 1,291,762 shares of the financial services provider’s stock worth $56,787,000 after purchasing an additional 69,768 shares during the period. Finally, Boston Partners grew its stake in BankUnited by 5.7% in the first quarter. Boston Partners now owns 1,224,320 shares of the financial services provider’s stock worth $53,488,000 after purchasing an additional 65,826 shares during the period. 93.77% of the stock is owned by hedge funds and other institutional investors.

BankUnited Trading Up 1.9 %

BankUnited stock opened at $37.64 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.84 and a quick ratio of 0.84. BankUnited, Inc. has a one year low of $33.90 and a one year high of $46.75. The stock has a market capitalization of $2.93 billion, a PE ratio of 9.51 and a beta of 1.25. The business’s fifty day moving average is $37.69 and its 200 day moving average is $39.54.

BankUnited (NYSE:BKUGet Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). BankUnited had a net margin of 32.13% and a return on equity of 12.00%. The business had revenue of $238.87 million for the quarter, compared to analysts’ expectations of $245.42 million. During the same period last year, the business earned $1.11 earnings per share. On average, sell-side analysts predict that BankUnited, Inc. will post 3.7 EPS for the current year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.66%. BankUnited’s dividend payout ratio (DPR) is presently 25.25%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com raised BankUnited from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. cut their target price on BankUnited from $43.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, July 1st. Wedbush increased their target price on BankUnited to $40.00 in a research note on Friday, July 22nd. Wells Fargo & Company increased their target price on BankUnited to $45.00 in a research note on Friday, July 22nd. Finally, Piper Sandler increased their target price on BankUnited to $40.00 in a research note on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, BankUnited presently has a consensus rating of “Hold” and a consensus price target of $45.00.

BankUnited Company Profile

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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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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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