Hennessy Advisors Inc. reduced its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 6.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,000 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in BankUnited were worth $3,077,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Marshall Wace North America L.P. bought a new stake in BankUnited during the first quarter worth $47,000. Alpha Paradigm Partners LLC bought a new stake in BankUnited during the fourth quarter worth $85,000. Nisa Investment Advisors LLC lifted its holdings in BankUnited by 62.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,150 shares during the period. Toronto Dominion Bank bought a new stake in BankUnited during the fourth quarter worth $111,000. Finally, Strs Ohio lifted its holdings in BankUnited by 104.3% during the fourth quarter. Strs Ohio now owns 4,700 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 2,400 shares during the period. Institutional investors and hedge funds own 97.34% of the company’s stock.
A number of analysts recently commented on BKU shares. DA Davidson reiterated a “neutral” rating and set a $38.00 price target on shares of BankUnited in a report on Thursday, February 25th. Royal Bank of Canada raised their target price on BankUnited from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, January 25th. Janney Montgomery Scott downgraded BankUnited from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 3rd. UBS Group downgraded BankUnited from a “buy” rating to a “neutral” rating and raised their target price for the stock from $26.00 to $37.00 in a research report on Friday, January 8th. Finally, Hovde Group raised BankUnited from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $42.00 to $51.00 in a research report on Monday, March 8th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. BankUnited presently has an average rating of “Buy” and an average target price of $35.15.
Shares of NYSE BKU opened at $42.87 on Friday. The stock has a market cap of $4.00 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 4.98 and a beta of 1.40. BankUnited, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $50.71. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $45.22 and a 200-day moving average of $35.81.
BankUnited (NYSE:BKU) last announced its quarterly earnings results on Thursday, April 22nd. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.32. BankUnited had a return on equity of 7.25% and a net margin of 15.98%. During the same period in the previous year, the firm earned ($0.33) earnings per share. On average, sell-side analysts predict that BankUnited, Inc. will post 1.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, April 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, April 14th. BankUnited’s dividend payout ratio is 29.39%.
BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury and cash management services.
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