First Financial Bank Trust Division cut its holdings in BankUnited (NYSE:BKU) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,506 shares of the financial services provider’s stock after selling 657 shares during the period. First Financial Bank Trust Division owned approximately 0.11% of BankUnited worth $3,624,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. Toronto Dominion Bank acquired a new position in BankUnited during the 4th quarter valued at about $75,000. First Interstate Bank boosted its stake in shares of BankUnited by 119.8% in the 4th quarter. First Interstate Bank now owns 4,890 shares of the financial services provider’s stock worth $146,000 after buying an additional 2,665 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of BankUnited in the 3rd quarter worth approximately $206,000. Cerebellum GP LLC boosted its stake in shares of BankUnited by 22.1% in the 4th quarter. Cerebellum GP LLC now owns 6,036 shares of the financial services provider’s stock worth $181,000 after buying an additional 1,091 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of BankUnited in the 4th quarter worth approximately $201,000. 97.83% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:BKU opened at $36.47 on Thursday. BankUnited has a 52-week low of $28.05 and a 52-week high of $44.97. The firm has a market capitalization of $3.52 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.46 and a beta of 1.08. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.64.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.84 annualized dividend and a yield of 2.30%. BankUnited’s payout ratio is 35.59%.
A number of equities analysts have recently weighed in on the company. Sandler O’Neill downgraded BankUnited from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Stephens cut shares of BankUnited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. ValuEngine cut shares of BankUnited from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Bank of America cut shares of BankUnited from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. BankUnited currently has an average rating of “Hold” and a consensus target price of $39.75.
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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