BankUnited (BKU) Shares Bought by LSV Asset Management
LSV Asset Management lifted its holdings in shares of BankUnited (NYSE:BKU) by 11.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,005,600 shares of the financial services provider’s stock after buying an additional 199,100 shares during the period. LSV Asset Management owned about 1.89% of BankUnited worth $81,928,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of BKU. Gideon Capital Advisors Inc. acquired a new position in BankUnited in the 2nd quarter worth about $400,000. Canada Pension Plan Investment Board acquired a new position in BankUnited in the 2nd quarter worth about $2,614,000. Trexquant Investment LP acquired a new position in BankUnited in the 2nd quarter worth about $796,000. Eagle Boston Investment Management Inc. grew its position in shares of BankUnited by 3.9% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 72,974 shares of the financial services provider’s stock valued at $2,980,000 after buying an additional 2,771 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of BankUnited in the 2nd quarter valued at about $1,698,000. 97.31% of the stock is owned by institutional investors.
In related news, insider Rajinder P. Singh sold 74,927 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $43.26, for a total transaction of $3,241,342.02. Following the sale, the insider now owns 305,221 shares in the company, valued at approximately $13,203,860.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas M. Cornish sold 10,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $40.02, for a total value of $400,200.00. Following the sale, the chief operating officer now owns 90,249 shares in the company, valued at approximately $3,611,764.98. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. BankUnited had a return on equity of 11.47% and a net margin of 45.30%. The firm had revenue of $287.24 million for the quarter, compared to analyst estimates of $285.63 million. During the same quarter in the previous year, the company posted $0.60 EPS. equities research analysts expect that BankUnited will post 3.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Monday, July 16th were given a $0.21 dividend. The ex-dividend date was Friday, July 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.08%. BankUnited’s dividend payout ratio (DPR) is presently 31.70%.
BKU has been the topic of a number of analyst reports. Sandler O’Neill upgraded BankUnited from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Morgan Stanley reduced their price target on BankUnited from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.10.
BankUnited Company Profile
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, and savings accounts, as well as certificates of deposit; and treasury management services.
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