BankUnited, Inc. $BKU Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 79.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,335 shares of the financial services provider’s stock after selling 132,873 shares during the quarter. Squarepoint Ops LLC’s holdings in BankUnited were worth $1,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Strs Ohio acquired a new position in BankUnited in the first quarter valued at $28,000. Brooklyn Investment Group grew its holdings in BankUnited by 14,050.0% in the 1st quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock valued at $29,000 after buying an additional 843 shares during the period. Bayforest Capital Ltd increased its stake in shares of BankUnited by 32.3% during the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 271 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of BankUnited by 141.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 898 shares during the period. Finally, Quarry LP lifted its holdings in shares of BankUnited by 9,157.5% during the 1st quarter. Quarry LP now owns 3,703 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 3,663 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BKU. Barclays upped their price target on shares of BankUnited from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday. Hovde Group restated an “outperform” rating and set a $51.00 price objective on shares of BankUnited in a report on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, October 8th. Jefferies Financial Group raised BankUnited from a “hold” rating to a “buy” rating and boosted their price target for the company from $42.00 to $55.00 in a research report on Monday, December 1st. Finally, Wells Fargo & Company dropped their price target on BankUnited from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, BankUnited has an average rating of “Hold” and an average price target of $43.80.

BankUnited Price Performance

Shares of NYSE BKU opened at $45.26 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.83. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $46.92. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 12.75 and a beta of 1.34. The business has a 50-day moving average of $41.34 and a 200-day moving average of $38.70.

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. The firm had revenue of $275.68 million for 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%.BankUnited’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. On average, equities analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s payout ratio is presently 34.93%.

BankUnited Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.