BankUnited, Inc. $BKU Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in shares of BankUnited, Inc. (NYSE:BKU) by 38.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,136 shares of the financial services provider’s stock after selling 25,522 shares during the quarter. Hsbc Holdings PLC’s holdings in BankUnited were worth $1,835,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BKU. Eurizon Capital SGR S.p.A. purchased a new position in BankUnited in the fourth quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in BankUnited during the 4th quarter worth about $35,000. Strs Ohio purchased a new stake in BankUnited during the 1st quarter worth about $28,000. Quarry LP boosted its position in shares of BankUnited by 158.2% during the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 576 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of BankUnited by 17,050.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BKU. Zacks Research upgraded BankUnited from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Raymond James Financial restated an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Wall Street Zen cut BankUnited from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Hovde Group decreased their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, BankUnited presently has a consensus rating of “Moderate Buy” and an average price target of $52.73.

Insider Transactions at BankUnited

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

BankUnited Stock Performance

Shares of NYSE:BKU traded down $0.04 on Friday, reaching $48.19. The company’s stock had a trading volume of 428,504 shares, compared to its average volume of 1,050,543. BankUnited, Inc. has a 52-week low of $34.79 and a 52-week high of $52.11. The stock has a market capitalization of $3.50 billion, a P/E ratio of 13.42 and a beta of 1.17. The stock’s 50-day moving average is $47.44 and its two-hundred day moving average is $46.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82.

BankUnited (NYSE:BKU) last issued its quarterly 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). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The company had revenue of $273.69 million during the quarter, compared to analyst estimates of $284.57 million. During the same quarter last year, the firm earned $0.78 EPS. As a group, sell-side analysts forecast that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Announces Dividend

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

BankUnited 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.