Seizert Capital Partners LLC Trims Stock Holdings in BankUnited (NYSE:BKU)

Seizert Capital Partners LLC trimmed its holdings in BankUnited (NYSE:BKU) by 52.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 428,131 shares of the financial services provider’s stock after selling 479,813 shares during the period. Seizert Capital Partners LLC owned approximately 0.44% of BankUnited worth $14,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cambiar Investors LLC grew its stake in BankUnited by 0.6% in the 2nd quarter. Cambiar Investors LLC now owns 140,029 shares of the financial services provider’s stock valued at $4,725,000 after buying an additional 786 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in BankUnited by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 84,125 shares of the financial services provider’s stock valued at $2,838,000 after buying an additional 812 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in BankUnited by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,351 shares of the financial services provider’s stock valued at $822,000 after buying an additional 847 shares in the last quarter. Eagle Boston Investment Management Inc. grew its stake in BankUnited by 1.2% in the 1st quarter. Eagle Boston Investment Management Inc. now owns 74,387 shares of the financial services provider’s stock valued at $2,484,000 after buying an additional 913 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in BankUnited in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 97.98% of the company’s stock.

In other news, insider Jay D. Richards sold 1,782 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $34.45, for a total transaction of $61,389.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

A number of research analysts recently weighed in on BKU shares. Barclays lowered shares of BankUnited from an “overweight” rating to an “underweight” rating and lifted their price objective for the company from $35.75 to $37.00 in a research note on Friday, April 26th. Zacks Investment Research upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, May 24th. Finally, ValuEngine lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. BankUnited has a consensus rating of “Hold” and a consensus price target of $37.63.

Shares of BKU traded down $1.00 during mid-day trading on Friday, reaching $30.84. 535,608 shares of the stock traded hands, compared to its average volume of 653,629. The firm has a fifty day moving average price of $32.60 and a 200 day moving average price of $34.22. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.24 and a beta of 1.11. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86. BankUnited has a 1 year low of $28.05 and a 1 year high of $40.48.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $226.22 million during the quarter, compared to analyst estimates of $224.42 million. BankUnited had a net margin of 18.74% and a return on equity of 10.21%. During the same period in the previous year, the business earned $0.82 EPS. On average, sell-side analysts anticipate that BankUnited will post 2.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.72%. BankUnited’s dividend payout ratio (DPR) is currently 35.59%.

About BankUnited

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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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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