Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 1,422 Shares of BankUnited, Inc. $BKU

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in BankUnited, Inc. (NYSE:BKU) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,310 shares of the financial services provider’s stock after acquiring an additional 1,422 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in BankUnited were worth $687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bayforest Capital Ltd increased its position 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 worth $40,000 after purchasing an additional 271 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in BankUnited by 1.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock worth $787,000 after buying an additional 304 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of BankUnited by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider’s stock worth $994,000 after buying an additional 337 shares during the last quarter. Cerity Partners LLC raised its position in shares of BankUnited by 9.8% during the 1st quarter. Cerity Partners LLC now owns 8,117 shares of the financial services provider’s stock valued at $280,000 after buying an additional 726 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of BankUnited during the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Trading Up 0.2%

NYSE:BKU opened at $41.58 on Tuesday. The company has a 50-day moving average price of $38.97 and a 200-day moving average price of $37.41. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 11.71 and a beta of 1.34. The company has a current ratio of 0.83, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. BankUnited, Inc. has a 12 month low of $28.21 and a 12 month high of $44.45.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $275.68 million during the quarter, compared to analyst estimates of $280.33 million. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. BankUnited’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. Equities analysts predict 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 Friday, October 31st. Investors of record on Friday, October 10th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s dividend payout ratio is presently 34.93%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BKU shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 target price on shares of BankUnited in a research note on Thursday, October 23rd. Jefferies Financial Group reduced their price objective on BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, October 8th. Wells Fargo & Company cut their target price on BankUnited from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $44.00 price target on shares of BankUnited 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.91.

About BankUnited

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.