BankUnited, Inc. $BKU Shares Acquired by Bayview Asset Management LLC

Bayview Asset Management LLC boosted its holdings in BankUnited, Inc. (NYSE:BKU) by 45.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,000 shares of the financial services provider’s stock after buying an additional 12,500 shares during the quarter. BankUnited accounts for about 0.5% of Bayview Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Bayview Asset Management LLC owned approximately 0.05% of BankUnited worth $1,424,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of BankUnited during the 1st quarter worth $28,000. Brooklyn Investment Group lifted its holdings in shares of BankUnited by 14,050.0% during the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 843 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in shares of BankUnited by 32.3% during the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 271 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of BankUnited by 697.4% in the 1st quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 2,155 shares during the period. Finally, Quarry LP boosted its position in shares of BankUnited by 9,157.5% in the 1st quarter. Quarry LP now owns 3,703 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 3,663 shares during the period. Institutional investors own 99.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on BKU. Cantor Fitzgerald restated an “overweight” rating and set a $44.00 price objective on shares of BankUnited in a report on Thursday, October 23rd. Wells Fargo & Company dropped their target price on shares of BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group lowered their price objective 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. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.91.

BankUnited Stock Performance

Shares of NYSE BKU opened at $43.21 on Monday. 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, Inc. has a one year low of $28.21 and a one year high of $43.82. The business’s 50-day moving average price is $39.34 and its two-hundred day moving average price is $37.63. The company has a market capitalization of $3.25 billion, a P/E ratio of 12.17 and a beta of 1.34.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating 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 return on equity of 9.18% and a net margin of 13.98%.The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. Analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s payout ratio is currently 34.93%.

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.