BankUnited (BKU) Short Interest Update
BankUnited (NYSE:BKU) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 792,978 shares, a decline of 34.9% from the November 30th total of 1,218,293 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 1,122,794 shares, the days-to-cover ratio is presently 0.7 days.
BankUnited (NYSE BKU) opened at $41.38 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $4,420.00, a P/E ratio of 17.39, a P/E/G ratio of 1.73 and a beta of 1.09. BankUnited has a 52 week low of $30.37 and a 52 week high of $41.73.
BankUnited (NYSE:BKU) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The firm had revenue of $294.59 million during the quarter, compared to analyst estimates of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same quarter in the previous year, the business posted $0.47 EPS. analysts forecast that BankUnited will post 2.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.03%. BankUnited’s dividend payout ratio (DPR) is presently 35.29%.
Several equities research analysts have recently commented on BKU shares. Deutsche Bank reduced their price target on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Barclays boosted their price target on shares of BankUnited from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Morgan Stanley reiterated an “overweight” rating and set a $46.00 price objective on shares of BankUnited in a research note on Wednesday, December 13th. BMO Capital Markets upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 price objective on shares of BankUnited in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.40.
In other news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.90% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado increased its stake in BankUnited by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BankUnited by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 276 shares in the last quarter. Macquarie Group Ltd. acquired a new position in BankUnited during the 3rd quarter valued at approximately $174,000. Forward Management LLC acquired a new position in BankUnited during the 3rd quarter valued at approximately $192,000. Finally, QS Investors LLC increased its stake in BankUnited by 9.6% during the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 95.26% of the company’s stock.
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BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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