MetLife Investment Management LLC Has $1.40 Million Stock Position in BankUnited, Inc. (NYSE:BKU)

MetLife Investment Management LLC cut its position in BankUnited, Inc. (NYSE:BKU – Get Rating) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,005 shares of the financial services provider’s stock after selling 877 shares during the period. MetLife Investment Management LLC owned 0.05% of BankUnited worth $1,401,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BKU. Infini Capital Management Ltd bought a new position in BankUnited in the 2nd quarter valued at $71,000. Eagle Bay Advisors LLC boosted its position in BankUnited by 73.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,496 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 1,060 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in shares of BankUnited during the 2nd quarter worth approximately $128,000. US Bancorp DE lifted its position in shares of 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 buying an additional 2,762 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in BankUnited during the 2nd quarter worth approximately $200,000.

BankUnited Trading Up 1.3 %

Shares of BKU stock opened at $35.42 on Wednesday. BankUnited, Inc. has a 12-month low of $30.75 and a 12-month high of $45.86. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The company has a 50 day moving average of $35.68 and a 200-day moving average of $36.08. The firm has a market cap of $2.65 billion, a P/E ratio of 9.98 and a beta of 1.22.

BankUnited (NYSE:BKU – Get Rating) last posted its earnings results on Thursday, January 19th. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.29). The company had revenue of $269.88 million for the quarter, compared to analysts’ expectations of $268.41 million. BankUnited had a net margin of 21.78% and a return on equity of 11.08%. Sell-side analysts anticipate that BankUnited, Inc. will post 3.93 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Wednesday, April 12th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 3.05%. BankUnited’s dividend payout ratio is 28.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BKU shares. Wells Fargo & Company downgraded BankUnited from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $45.00 to $38.00 in a report on Thursday, December 15th. JPMorgan Chase & Co. cut their price target on BankUnited from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 13th. Finally, StockNews.com raised BankUnited from a “sell” rating to a “hold” rating in a research note on Tuesday, February 21st. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.29.

BankUnited Company Profile

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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.