American Century Companies Inc. Increases Stock Holdings in BankUnited, Inc. $BKU

American Century Companies Inc. grew its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,977,999 shares of the financial services provider’s stock after purchasing an additional 128,728 shares during the period. American Century Companies Inc. owned about 2.63% of BankUnited worth $70,397,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of BankUnited by 1.2% in the second quarter. Rhumbline Advisers now owns 225,886 shares of the financial services provider’s stock valued at $8,039,000 after purchasing an additional 2,723 shares in the last quarter. AXQ Capital LP lifted its holdings in BankUnited by 312.5% during the 2nd quarter. AXQ Capital LP now owns 24,525 shares of the financial services provider’s stock worth $873,000 after buying an additional 18,580 shares in the last quarter. Franklin Resources Inc. boosted its position in BankUnited by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 60,337 shares of the financial services provider’s stock valued at $2,147,000 after buying an additional 688 shares during the period. Legal & General Group Plc grew its stake in shares of BankUnited by 0.8% in the second quarter. Legal & General Group Plc now owns 209,042 shares of the financial services provider’s stock worth $7,440,000 after acquiring an additional 1,563 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new position in shares of BankUnited in the second quarter worth $2,927,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BKU shares. Wells Fargo & Company reduced their price objective on BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $42.00 price target on shares of BankUnited in a report on Thursday, October 23rd. Jefferies Financial Group decreased their price objective on BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, October 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $44.00 price objective on shares of BankUnited in a research report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BankUnited in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.91.

BankUnited Stock Up 0.0%

Shares of NYSE BKU opened at $43.34 on Thursday. The business has a 50-day moving average price of $39.18 and a 200 day moving average price of $37.51. The stock has a market cap of $3.26 billion, a PE ratio of 12.21 and a beta of 1.34. 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, Inc. has a 52-week low of $28.21 and a 52-week high of $43.82.

BankUnited (NYSE:BKU) last released its quarterly earnings results 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. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The company had revenue of $275.68 million for the quarter, compared to analyst estimates of $280.33 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s payout ratio is presently 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.