First Financial Bank Trust Division reduced its position in BankUnited (NYSE:BKU) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,506 shares of the financial services provider’s stock after selling 657 shares during the quarter. First Financial Bank Trust Division owned approximately 0.11% of BankUnited worth $3,624,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of BKU. Cipher Capital LP boosted its position in shares of BankUnited by 4.0% in the fourth quarter. Cipher Capital LP now owns 19,650 shares of the financial services provider’s stock valued at $589,000 after acquiring an additional 750 shares during the period. Cerebellum GP LLC raised its stake in shares of BankUnited by 22.1% during the fourth quarter. Cerebellum GP LLC now owns 6,036 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 1,091 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of BankUnited by 3.3% during the fourth quarter. Virginia Retirement Systems ET AL now owns 37,400 shares of the financial services provider’s stock worth $1,120,000 after acquiring an additional 1,200 shares in the last quarter. BOKF NA raised its stake in shares of BankUnited by 10.7% during the fourth quarter. BOKF NA now owns 18,603 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in shares of BankUnited by 9.4% during the third quarter. Trexquant Investment LP now owns 21,307 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 1,825 shares in the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. ValuEngine downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Stephens cut shares of BankUnited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Bank of America cut shares of BankUnited from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Thursday, January 10th. Finally, TheStreet cut shares of BankUnited from a “b-” rating to a “c+” rating in a report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.75.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). The business had revenue of $328.38 million for the quarter, compared to analysts’ expectations of $314.33 million. BankUnited had a net margin of 20.31% and a return on equity of 10.84%. BankUnited’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. As a group, equities research analysts anticipate that BankUnited will post 2.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, April 11th. This represents a $0.84 annualized dividend and a yield of 2.35%. BankUnited’s payout ratio is presently 35.59%.
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BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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