SG Americas Securities LLC Has $944,000 Stake in BankUnited, Inc. (NYSE:BKU)

SG Americas Securities LLC trimmed its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 1.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,413 shares of the financial services provider’s stock after selling 542 shares during the period. SG Americas Securities LLC’s holdings in BankUnited were worth $944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after buying an additional 410 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in BankUnited by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. boosted its position in BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after buying an additional 547 shares during the last quarter. Atria Investments Inc boosted its position in BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after buying an additional 555 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in BankUnited by 4.1% in the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock valued at $579,000 after buying an additional 593 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Stock Up 0.3%

NYSE BKU opened at $33.67 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.83. BankUnited, Inc. has a 1-year low of $27.58 and a 1-year high of $44.45. The company has a 50 day moving average of $33.65 and a 200-day moving average of $36.27. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 10.46 and a beta of 1.30.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. BankUnited had a net margin of 12.26% and a return on equity of 8.66%. During the same period in the previous year, the business earned $0.64 earnings per share. On average, equities research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from BankUnited’s previous quarterly dividend of $0.29. BankUnited’s payout ratio is presently 38.51%.

Insiders Place Their Bets

In related news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total value of $34,430.00. Following the sale, the director now owns 14,516 shares of the company’s stock, valued at $499,785.88. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Leslie Lunak sold 22,776 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares in the company, valued at approximately $2,010,210.44. This represents a 27.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BKU shares. Wall Street Zen downgraded BankUnited from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Hovde Group dropped their price objective on BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company dropped their price objective on BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group dropped their price objective on BankUnited from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada dropped their price objective on BankUnited from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.42.

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.