Arrowstreet Capital Limited Partnership Boosts Stock Position in BankUnited, Inc. $BKU

Arrowstreet Capital Limited Partnership increased its position in shares of BankUnited, Inc. (NYSE:BKU) by 16.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 798,347 shares of the financial services provider’s stock after acquiring an additional 114,038 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.06% of BankUnited worth $28,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in shares of BankUnited in the first quarter valued at approximately $1,398,000. Baird Financial Group Inc. acquired a new stake in BankUnited during the 1st quarter worth approximately $398,000. Capital Fund Management S.A. purchased a new position in BankUnited in the 2nd quarter valued at approximately $1,356,000. Hussman Strategic Advisors Inc. grew its stake in shares of BankUnited by 25.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the financial services provider’s stock worth $3,737,000 after acquiring an additional 21,000 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of BankUnited by 24.7% in the second quarter. Fisher Asset Management LLC now owns 575,878 shares of the financial services provider’s stock worth $20,495,000 after acquiring an additional 113,974 shares in the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Price Performance

BKU stock opened at $44.71 on Friday. The business has a 50 day moving average price of $39.96 and a 200 day moving average price of $37.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 12.59 and a beta of 1.34. BankUnited, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $45.11.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The company 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 firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Equities research analysts anticipate 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. Investors of record on Friday, October 10th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.8%. BankUnited’s payout ratio is 34.93%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of BankUnited in a report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $42.00 price target on shares of BankUnited in a research report on Thursday, October 23rd. Wells Fargo & Company decreased their price objective on BankUnited from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $44.00 target price on shares of BankUnited in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group raised shares of BankUnited from a “hold” rating to a “buy” rating and raised their target price for the company from $42.00 to $55.00 in a report on Monday, December 1st. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BankUnited presently has a consensus rating of “Hold” and an average target price of $43.27.

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.