Northern Trust Corp Has $29.33 Million Stock Position in BankUnited, Inc. $BKU

Northern Trust Corp lowered its stake in shares of BankUnited, Inc. (NYSE:BKU) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 851,655 shares of the financial services provider’s stock after selling 23,795 shares during the period. Northern Trust Corp owned approximately 1.13% of BankUnited worth $29,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKU. Brooklyn Investment Group boosted its holdings in BankUnited by 14,050.0% during the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after buying an additional 843 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of BankUnited by 165.5% during the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,175 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited during the 4th quarter valued at about $73,000. Headlands Technologies LLC lifted its holdings in shares of BankUnited by 697.4% during the 1st quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 2,155 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of BankUnited during the 4th quarter valued at about $216,000. Institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BKU shares. Jefferies Financial Group started coverage on BankUnited in a report on Wednesday, May 21st. They set a “hold” rating and a $39.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price objective on BankUnited from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, July 28th. Hovde Group lifted their price objective on BankUnited from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of BankUnited in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.55.

Insider Buying and Selling at BankUnited

In other news, Director Douglas J. Pauls sold 3,500 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $38.79, for a total transaction of $135,765.00. Following the sale, the director directly owned 43,205 shares of the company’s stock, valued at approximately $1,675,921.95. This represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 3,942 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $38.81, for a total value of $152,989.02. Following the sale, the insider directly owned 39,193 shares in the company, valued at approximately $1,521,080.33. This trade represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

BankUnited Stock Up 0.1%

BKU stock opened at $39.17 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $2.95 billion, a PE ratio of 11.49 and a beta of 1.32. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45. The business’s 50 day simple moving average is $37.24 and its 200 day simple moving average is $35.30.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The business had revenue of $273.93 million for the quarter, compared to analyst estimates of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%.During the same period in the previous year, the firm earned $0.72 EPS. As a group, research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were paid a $0.31 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.24 annualized dividend and a yield of 3.2%. BankUnited’s payout ratio is 36.36%.

BankUnited 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.