Nisa Investment Advisors LLC Boosts Stake in BankUnited, Inc. $BKU

Nisa Investment Advisors LLC grew its stake in BankUnited, Inc. (NYSE:BKU) by 171.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,065 shares of the financial services provider’s stock after buying an additional 6,356 shares during the period. Nisa Investment Advisors LLC’s holdings in BankUnited were worth $358,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in shares of BankUnited by 6.2% during the first quarter. American Century Companies Inc. now owns 1,849,271 shares of the financial services provider’s stock worth $63,689,000 after purchasing an additional 107,962 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in BankUnited by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 1,461,439 shares of the financial services provider’s stock valued at $50,332,000 after buying an additional 53,905 shares in the last quarter. Royce & Associates LP increased its holdings in BankUnited by 8.8% in the first quarter. Royce & Associates LP now owns 1,250,997 shares of the financial services provider’s stock valued at $43,084,000 after buying an additional 101,170 shares in the last quarter. Wellington Management Group LLP increased its holdings in BankUnited by 893.2% in the first quarter. Wellington Management Group LLP now owns 1,150,879 shares of the financial services provider’s stock valued at $39,636,000 after buying an additional 1,035,002 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in BankUnited by 36.8% in the first quarter. Bank of New York Mellon Corp now owns 1,059,697 shares of the financial services provider’s stock valued at $36,496,000 after buying an additional 285,092 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Price Performance

BankUnited stock opened at $40.03 on Monday. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. The stock has a market capitalization of $3.01 billion, a P/E ratio of 11.28 and a beta of 1.27. The firm’s 50-day moving average is $38.58 and its two-hundred day moving average is $36.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.84.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $275.68 million for the quarter, compared to analysts’ expectations of $280.33 million. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. Equities analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, October 10th. BankUnited’s payout ratio is 34.93%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BKU shares. Jefferies Financial Group dropped their target price on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, October 22nd. Barclays lifted their target price on shares of BankUnited from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, October 8th. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Wells Fargo & Company cut their target price on shares of BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.91.

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.