D. E. Shaw & Co. Inc. trimmed its holdings in BankUnited (NYSE:BKU) by 55.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 148,131 shares of the financial services provider’s stock after selling 184,567 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.14% of BankUnited worth $4,435,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in BankUnited in the 4th quarter worth approximately $395,000. Brandywine Global Investment Management LLC increased its holdings in BankUnited by 58.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 406,214 shares of the financial services provider’s stock worth $12,163,000 after acquiring an additional 149,816 shares in the last quarter. Barclays PLC grew its holdings in BankUnited by 36.6% during the 4th quarter. Barclays PLC now owns 44,816 shares of the financial services provider’s stock valued at $1,342,000 after buying an additional 12,011 shares in the last quarter. Shoals Capital Management LP purchased a new stake in BankUnited during the 4th quarter valued at approximately $12,725,000. Finally, QS Investors LLC grew its holdings in BankUnited by 234.8% during the 4th quarter. QS Investors LLC now owns 72,965 shares of the financial services provider’s stock valued at $2,185,000 after buying an additional 51,169 shares in the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.
A number of equities research analysts have issued reports on BKU shares. Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Bank of America lowered shares of BankUnited from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Thursday, January 10th. ValuEngine raised shares of BankUnited from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Stephens lowered shares of BankUnited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $39.75.
BankUnited (NYSE:BKU) last released its earnings results on Wednesday, January 23rd. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). BankUnited had a return on equity of 10.84% and a net margin of 20.31%. The business had revenue of $328.38 million for the quarter, compared to the consensus estimate of $314.33 million. During the same quarter last year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities research analysts predict that BankUnited will post 2.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, April 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.38%. BankUnited’s dividend payout ratio is currently 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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