SG Americas Securities LLC Cuts Stock Position in BankUnited, Inc. $BKU

SG Americas Securities LLC cut its position in BankUnited, Inc. (NYSE:BKU) by 46.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,762 shares of the financial services provider’s stock after selling 35,590 shares during the quarter. SG Americas Securities LLC’s holdings in BankUnited were worth $1,886,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HoldCo Asset Management LP bought a new position in shares of BankUnited during the 3rd quarter worth approximately $35,752,000. Tudor Investment Corp ET AL purchased a new stake in BankUnited during the third quarter valued at approximately $7,599,000. Jain Global LLC acquired a new stake in BankUnited in the third quarter valued at approximately $11,224,000. Capitolis Liquid Global Markets LLC acquired a new stake in BankUnited in the third quarter valued at approximately $4,648,000. Finally, Artemis Investment Management LLP purchased a new position in BankUnited in the fourth quarter worth $73,655,000. 99.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. Zacks Research raised BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Citigroup cut BankUnited from a “neutral” rating to a “sell” rating and decreased their price target for the company from $50.00 to $45.00 in a research note on Tuesday. Finally, Hovde Group lowered their price target on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.82.

BankUnited Trading Down 0.3%

NYSE:BKU opened at $48.47 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of 13.50 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited, Inc. has a 12 month low of $34.79 and a 12 month high of $52.11. The firm has a fifty day simple moving average of $47.19 and a 200-day simple moving average of $46.73.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $273.69 million during the quarter, compared to analyst estimates of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same period in the previous year, the company earned $0.78 earnings per share. On average, equities research analysts anticipate that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, July 10th. BankUnited’s dividend payout ratio (DPR) is presently 36.77%.

Insider Activity

In related news, Director John N. Digiacomo sold 1,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at approximately $690,791.19. This represents a 6.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay D. Richards sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the transaction, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.