BankUnited, Inc. $BKU Holdings Lowered by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its stake in BankUnited, Inc. (NYSE:BKU) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,432 shares of the financial services provider’s stock after selling 1,997 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.07% of BankUnited worth $1,795,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BKU. Strs Ohio acquired a new stake in BankUnited in the first quarter worth approximately $28,000. Brooklyn Investment Group raised its stake in shares of BankUnited by 14,050.0% in the 1st quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after buying an additional 843 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of BankUnited by 32.3% in the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after buying an additional 271 shares during the period. Headlands Technologies LLC lifted its holdings in shares of BankUnited by 697.4% in the first quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider’s stock valued at $85,000 after buying an additional 2,155 shares during the period. Finally, Quarry LP boosted its stake in BankUnited by 9,157.5% during the first quarter. Quarry LP now owns 3,703 shares of the financial services provider’s stock valued at $128,000 after buying an additional 3,663 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, October 8th. 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 report on Wednesday, October 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $42.00 target price on shares of BankUnited in a report on Thursday, October 23rd. Keefe, Bruyette & Woods upped their price target on BankUnited from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, July 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $44.00 price objective on shares of BankUnited in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BankUnited has a consensus rating of “Hold” and an average target price of $41.91.

BankUnited Price Performance

Shares of NYSE:BKU opened at $41.58 on Tuesday. The company’s fifty day moving average is $38.97 and its two-hundred day moving average is $37.41. The company has a market cap of $3.12 billion, a P/E ratio of 11.71 and a beta of 1.34. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. The company has a quick ratio of 0.84, a current ratio of 0.83 and a debt-to-equity ratio of 0.69.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $275.68 million for the quarter, compared to the consensus estimate of $280.33 million. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.BankUnited’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. Equities analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s dividend payout ratio is 34.93%.

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.