Yousif Capital Management LLC Acquires 337 Shares of BankUnited, Inc. $BKU

Yousif Capital Management LLC increased its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,917 shares of the financial services provider’s stock after acquiring an additional 337 shares during the period. Yousif Capital Management LLC’s holdings in BankUnited were worth $994,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Strs Ohio bought a new stake in BankUnited during the 1st quarter worth approximately $28,000. Brooklyn Investment Group grew its position in BankUnited by 14,050.0% during the 1st quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 843 shares during the last quarter. Headlands Technologies LLC grew its position in BankUnited by 697.4% during the 1st quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 2,155 shares during the last quarter. Quarry LP grew its position in BankUnited by 9,157.5% during the 1st quarter. Quarry LP now owns 3,703 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 3,663 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in BankUnited during the 1st quarter worth approximately $231,000. 99.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Piper Sandler restated a “neutral” rating and set a $43.00 price target (up from $41.00) on shares of BankUnited in a research report on Thursday, July 24th. Barclays increased their price objective on BankUnited from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of BankUnited in a research report on Thursday, July 24th. Hovde Group increased their price objective on BankUnited from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Cantor Fitzgerald began coverage on BankUnited in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $44.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BankUnited presently has a consensus rating of “Hold” and a consensus price target of $41.91.

Insiders Place Their Bets

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 value of $135,765.00. Following the transaction, the director owned 43,205 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, insider Jay D. Richards sold 3,942 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.81, for a total value of $152,989.02. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

BankUnited Stock Performance

BKU stock opened at $36.85 on Wednesday. The business’s fifty day moving average is $38.38 and its 200-day moving average is $36.03. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.77 billion, a P/E ratio of 10.81 and a beta of 1.27. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $44.45.

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

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.4%. BankUnited’s dividend 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.